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1、FoodPolicy44(2014)190–201ContentslistsavailableatScienceDirectFoodPolicyjournalhomepage:www.elsevier.com/locate/foodpolPricedispersionandsellerheterogeneityinretailfoodmarketsGiovanniAnania⇑,RosannaNisticòDepartmentofEconomics,StatisticsandFinance,UniversityofCalabria,87030ArcavacatadiRende(Cs
2、),ItalyarticleinfoabstractArticlehistory:Pricedispersion,i.e.ahomogeneousproductbeingsoldatdifferentpricesbydifferentsellers,isamongReceived1December2011themostreplicatedfindingsinempiricaleconomics.ThepaperassessestheextentanddeterminantsofReceivedinrevisedform26August2013spatialpricedispersio
3、nfor14perfectlyhomogeneousfoodproductsinmorethan400retailersinamar-Accepted3December2013ketcharacterizedbythepersistenceofalargenumberofrelativelysmalltraditionalfoodstores,along-sidelargesupermarkets.Theextentofobservedpricedispersionisquitehigh.Whenpricesinanurbanarea(wherethespatialconcentr
4、ationofsellersishigher)arecomparedwiththoseinsmallertownsandKeywords:ruralareas,differencesinsearchcostsandthepotentiallyhigherdegreeofcompetitiondonotyieldlowerPricedispersionprices.Othercounteractingfactors,includingdifferencesinsellercostsandconsumerincomes,makeRetailpricingFoodmarketsprice
5、s,onaverage,higherintheurbanareafor11ofthe14productsconsidered.Formany,butnotall,theproductssupermarketsprovedtobelessexpensivethantraditionalretailers,althoughaveragesavingsfromfoodshoppingatsupermarketswereextremelylow.Finally,theresultsofthestudyprovideevidencethatretailershavedifferentpric
6、ingstrategiesandthesedifferencesalsoemergeforsupermar-ketsbelongingtothesamechain.Theresultspresentedinthepapersuggestthatavarietyoffactorsplayaroleinexplainingpricedispersion.Inadditiontodifferencesinsellercosts,thecontemporaneoushet-erogeneityofretailers(intermsofservicesprovided)andconsumer
7、s(intermsofsearchcostsandpref-erences)makestheemergenceofmonopolisticcompetitionpossibleaswellasallowingsmalltraditionalfoodretailerstoremaininbusiness.Ó2013ElsevierLtd.Allrightsreserved.Introductionboththeoreticalandempirical,analyzing
