dc.contributor.author | Walsh, Patrick Paul | |
dc.contributor.author | Whelan, Ciara | |
dc.date.accessioned | 2011-11-04T11:56:08Z | |
dc.date.available | 2011-11-04T11:56:08Z | |
dc.date.issued | 1999 | |
dc.identifier.citation | Walsh, Patrick Paul; Whelan, Ciara. 'A rationale for repealing the 1987 Groceries Order'. - Economic & Social Review, Vol. 30, No. 1, January, 1999, pp. 71-90, Dublin: Economic & Social Research Institute | |
dc.identifier.issn | 0012-9984 | |
dc.identifier.other | JEL L11 | |
dc.identifier.other | JEL L42 | |
dc.identifier.other | JEL L81 | |
dc.identifier.uri | http://hdl.handle.net/2262/60514 | |
dc.description.abstract | A ban on pricing below cost was implemented under the 1987 Groceries Order based on
the premise that loss leading used in multi-product retail pricing distorts competition and exploits consumers in the short run, while driving a more concentrated structure and reducing welfare in the long run. Loss leading is examined for multi-product retailers selling in imperfectly competitive market niches with imperfect consumer information. We develop a theoretical argument in a simple two-stage framework that illustrates how loss leading on a subset of products is an equilibrium outcome of price competition that leaves overall welfare equal to that observed under laissez faire. | en |
dc.language.iso | en | |
dc.publisher | Economic & Social Studies | |
dc.relation.ispartof | Vol.XX, No. XX, Issue, Year | |
dc.source | Economic & Social Review | en |
dc.subject | Retail pricing | en |
dc.subject | Groceries Order | en |
dc.subject | Price competition | en |
dc.subject | Laissez faire | en |
dc.subject | Loss leading | en |
dc.title | A rationale for repealing the 1987 Groceries Order | |
dc.type | Journal Article | |
dc.publisher.place | Dublin | en |