Market-structure determinants of national brand-private label price differences of manufactured food products: comment
Article Abstract:
J.M. Connor and E.B. Peterson's analysis of structural and behavioral characteristics explaining price differences between competing private and national brands of manufactured food was done using a constructed dependent variable. However, an error in reporting results and an ambiguity in the construction of the variable was noted in Connor and Peterson's study. The qualitative and quantitative results obtained by other researchers differ from that of Connor et al. because of the correct reporting of the linear concentration variable used.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1997
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Competition under financial distress
Article Abstract:
A model has been developed to show that business firms experiencing financial distress tend to resort to aggressive pricing in order to generate the necessary funds. Firms observe such a practice so as to reshape their asset composition between liquid and non-liquid assets in the event that new information renders their current composition non-optimal. The model also links pricing and inventory behavior, where low pricing is used as a source of internal funding.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1996
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