메뉴 건너뛰기




Volumn 50, Issue 1, 2006, Pages 17-32

Antitrust analysis of supermarkets: Global concerns playing out in local markets

Author keywords

Market concentration; Market definition; Nash Bertrand conduct; Price transmission rate; Price cost margin; Unilateral and coordinated market power

Indexed keywords

MARKET; PRICE DYNAMICS; RETAILING;

EID: 33645978075     PISSN: 1364985X     EISSN: 14678489     Source Type: Journal    
DOI: 10.1111/j.1467-8489.2006.00322.x     Document Type: Review
Times cited : (18)

References (48)
  • 1
    • 84875599410 scopus 로고
    • Countervailing power
    • Eatwell, J., Milgrate, M. and Newman, P. (eds) Macmillan, London
    • Adams, W. (1987). Countervailing power, in Eatwell, J., Milgrate, M. and Newman, P. (eds), The New Palgrave: A Dictionary of Economics. Macmillan, London.
    • (1987) The New Palgrave: A Dictionary of Economics
    • Adams, W.1
  • 2
    • 33645967292 scopus 로고
    • Structure-performance studies of grocery retailing: A review
    • Cotterill, R.W. (Ed.) Westview Press, Boulder, Colorado
    • Anderson, K.B. (1993). Structure-performance studies of grocery retailing: A review, in Cotterill, R.W. (Ed.), Competitive Strategy Analysis in the Food System. Westview Press, Boulder, Colorado, pp. 203-219.
    • (1993) Competitive Strategy Analysis in the Food System , pp. 203-219
    • Anderson, K.B.1
  • 4
    • 1842573661 scopus 로고    scopus 로고
    • Australian Competition and Consumer Commission (ACCC) Legislative Services, Canberra, Australia
    • Australian Competition and Consumer Commission (ACCC) (1999). Merger Guidelines. Legislative Services, Canberra, Australia.
    • (1999) Merger Guidelines
  • 5
    • 0004354272 scopus 로고    scopus 로고
    • before American Bar Association's Antitrust Section, Economics Committee, 18 July 1997, Washington, DC
    • Baker, J.B. (1997). Econometric Analysis in FTC v. Staples, before American Bar Association's Antitrust Section, Economics Committee, 18 July 1997, Washington, DC.
    • (1997) Econometric Analysis in FTC V. Staples
    • Baker, J.B.1
  • 6
    • 33846324290 scopus 로고    scopus 로고
    • Incomplete transmission of coffee bean prices: Evidence from the Netherlands
    • Bettendorf, L. and Verboven, F. (2000). Incomplete transmission of coffee bean prices: Evidence from the Netherlands. European Review of Agricultural Economics 27, 1-16.
    • (2000) European Review of Agricultural Economics , vol.27 , pp. 1-16
    • Bettendorf, L.1    Verboven, F.2
  • 7
    • 18444378123 scopus 로고    scopus 로고
    • Private label expansion and supermarket milk prices
    • Available from URL:
    • Bonnano, A. and Lopez, R.A. (2005). Private label expansion and supermarket milk prices, Journal of Agricultural & Food Industrial Organization 3. Available from URL: http://www.bepress.com/jafio/vol3/ issue/art2.
    • (2005) Journal of Agricultural & Food Industrial Organization , vol.3
    • Bonnano, A.1    Lopez, R.A.2
  • 9
    • 0011840029 scopus 로고    scopus 로고
    • Comment on valuation of new goods under perfect and imperfect competition
    • Bresnahan, T. and Gordon, R.J. (eds) The University of Chicago Press, Chicago
    • Bresnahan, T.F. (1997). Comment on valuation of new goods under perfect and imperfect competition, in Bresnahan, T. and Gordon, R.J. (eds), The Economics of New Goods. The University of Chicago Press, Chicago, pp. 237-247.
    • (1997) The Economics of New Goods , pp. 237-247
    • Bresnahan, T.F.1
  • 10
    • 0029540769 scopus 로고
    • Capital structure and product-market competition: Empirical evidence from the supermarket industry
    • Chevalier, J.A. (1995). Capital structure and product-market competition: Empirical evidence from the supermarket industry, American Economic Review 85, 415-435.
    • (1995) American Economic Review , vol.85 , pp. 415-435
    • Chevalier, J.A.1
  • 11
    • 38849085398 scopus 로고    scopus 로고
    • Guidelines on the assessment of horizontal mergers under the Council Regulation on the Control of Concentrations between Undertakings
    • Commission of the European Communities Brussels, Belgium. Available from URL: [accessed 22 September 2005]
    • Commission of the European Communities (2004). Guidelines on the assessment of horizontal mergers under the Council Regulation on the Control of Concentrations between Undertakings, Brussels, Belgium. Available from URL: http://europa.eu.int/comm/competition/mergers/ legislation/regulation/#implementing [accessed 22 September 2005].
    • (2004)
  • 12
    • 0004010555 scopus 로고    scopus 로고
    • Supermarkets. A report on the supply of groceries from multiple stores in the United Kingdom
    • Competition Commission presented to Parliament by the Secretary of State for Trade and Industry by Command of Her Majesty. Available from URL: [accessed 23 February 2006]
    • Competition Commission (2000). Supermarkets. A report on the supply of groceries from multiple stores in the United Kingdom, presented to Parliament by the Secretary of State for Trade and Industry by Command of Her Majesty. Available from URL: http://www.Competition-Commission.org.uk [accessed 23 February 2006].
    • (2000)
  • 13
    • 0000557739 scopus 로고
    • Market power in the retail food industry: Evidence from Vermont
    • Cotterill, R.W. (1986). Market power in the retail food industry: evidence from Vermont, Review of Economics and Statistics 68, 379-386.
    • (1986) Review of Economics and Statistics , vol.68 , pp. 379-386
    • Cotterill, R.W.1
  • 14
    • 0039197556 scopus 로고
    • An econometric analysis of brand-level demand for breakfast cereal: Product market definition in unilateral market power effects
    • Expert Report in State of N. Y. v. Kraft General Foods 93 civ. 0811 [KMW], New York
    • Cotterill, R.W. (1994). An econometric analysis of brand-level demand for breakfast cereal: Product market definition in unilateral market power effects, Expert Report in State of N. Y. v. Kraft General Foods 93 civ. 0811 [KMW], New York.
    • (1994)
    • Cotterill, R.W.1
  • 15
    • 33645969726 scopus 로고    scopus 로고
    • Estimation of cost pass through to Michigan consumers in the ADM price fixing case
    • FMPC Issue Paper 39, University of Connecticut, Storrs
    • Cotterill, R.W. (1998). Estimation of cost pass through to Michigan consumers in the ADM price fixing case, FMPC Issue Paper 39, University of Connecticut, Storrs.
    • (1998)
    • Cotterill, R.W.1
  • 16
    • 84993042184 scopus 로고    scopus 로고
    • Measuring market power in the Demsetz quality critique in the retail food industry
    • Cotterill, R.W. (1999). Measuring market power in the Demsetz quality critique in the retail food industry, Agribusiness: An International Journal 15, 101-118.
    • (1999) Agribusiness: An International Journal , vol.15 , pp. 101-118
    • Cotterill, R.W.1
  • 17
    • 33645980760 scopus 로고    scopus 로고
    • Oligopoly pricing with differentiated products: The Boston fluid milk market channel
    • FMPC Research Report 74, University of Connecticut, Storrs
    • Cotterill, R.W. and Dhar, T. (2003). Oligopoly pricing with differentiated products: The Boston fluid milk market channel, FMPC Research Report 74, University of Connecticut, Storrs.
    • (2003)
    • Cotterill, R.W.1    Dhar, T.2
  • 18
    • 21144463085 scopus 로고
    • Barrier and queue effects: A study of leading US supermarket chain entry patterns
    • Cotterill, R.W. and Haller, L.E. (1992). Barrier and queue effects: A study of leading US supermarket chain entry patterns, Journal of Industrial Economics 40, 1-14.
    • (1992) Journal of Industrial Economics , vol.40 , pp. 1-14
    • Cotterill, R.W.1    Haller, L.E.2
  • 19
    • 0002652071 scopus 로고    scopus 로고
    • Do models of vertical strategic interaction for national and store brands meet the market test?
    • Cotterill, R.W. and Putsis, W.P. Jr (2001). Do models of vertical strategic interaction for national and store brands meet the market test? Journal of Retailing 77, 83 - 109.
    • (2001) Journal of Retailing , vol.77 , pp. 83-109
    • Cotterill, R.W.1    Putsis Jr., W.P.2
  • 20
    • 0040805972 scopus 로고    scopus 로고
    • Assessing the competitive interaction between private labels and national brands
    • Cotterill, R.W., Putsis, W.P. Jr and Dhar, R. (2000). Assessing the competitive interaction between private labels and national brands, Journal of Business 73, 109 - 137.
    • (2000) Journal of Business , vol.73 , pp. 109-137
    • Cotterill, R.W.1    Putsis Jr., W.P.2    Dhar, R.3
  • 21
    • 33646016415 scopus 로고    scopus 로고
    • Milk Market Channel Structure: Its Impact on Farmers and Consumers, and the Inadequacies of Antitrust Enforcement as a Foundation for Dairy Policies: Evidence from the Northeast Dairy Industry
    • US Senate Judiciary Committee Hearing on Monopsony Issues in Agriculture: Buying Power of Processors in our Nation's Agricultural Markets, 10 Oct 2003, Washington DC
    • Cotterill, R.W., Rabinowitz, A.N. and Tian, L. (2003). Milk Market Channel Structure: Its Impact on Farmers and Consumers, and the Inadequacies of Antitrust Enforcement as a Foundation for Dairy Policies: Evidence from the Northeast Dairy Industry, US Senate Judiciary Committee Hearing on Monopsony Issues in Agriculture: Buying Power of Processors in our Nation's Agricultural Markets, 10 Oct 2003, Washington DC.
    • (2003)
    • Cotterill, R.W.1    Rabinowitz, A.N.2    Tian, L.3
  • 22
    • 0036328475 scopus 로고    scopus 로고
    • Estimating a brand-level demand system for American cheese products to evaluate unilateral and coordinated market power strategies
    • Cotterill, R.W. and Samson, P.O. (2002). Estimating a brand-level demand system for American cheese products to evaluate unilateral and coordinated market power strategies, American Journal of Agricultural Economics 84, 817-823.
    • (2002) American Journal of Agricultural Economics , vol.84 , pp. 817-823
    • Cotterill, R.W.1    Samson, P.O.2
  • 23
    • 0001190807 scopus 로고    scopus 로고
    • Countervailing power and consumer prices
    • Dobson, P.W. and Waterson, M. (1997). Countervailing power and consumer prices, Economic Journal 107, 418-430.
    • (1997) Economic Journal , vol.107 , pp. 418-430
    • Dobson, P.W.1    Waterson, M.2
  • 25
    • 0004199595 scopus 로고    scopus 로고
    • Federal Trade Commission and Department of Justice (FTC and DOJ) Available from URL: [accessed 22 Sept 2005]
    • Federal Trade Commission and Department of Justice (FTC and DOJ) (1997). 1992 Horizontal Merger Guidelines. Available from URL: http://www.ftc.gov/bc/docs/horizmer.htm [accessed 22 Sept 2005].
    • (1997) 1992 Horizontal Merger Guidelines
  • 26
    • 11244333403 scopus 로고    scopus 로고
    • Economics research at the FTC: Information, retrospectives, and retailing
    • Froeb, L., Hosken, D. and Pappalardo, J. (2004). Economics research at the FTC: Information, retrospectives, and retailing, Review of Industrial Organization 25, 353-374.
    • (2004) Review of Industrial Organization , vol.25 , pp. 353-374
    • Froeb, L.1    Hosken, D.2    Pappalardo, J.3
  • 27
    • 0141580115 scopus 로고
    • Endogeneity in the concentration-price relationship: Cause and consequences
    • Economic Analysis Working Paper, Antitrust Division of the US Department of Justice, Washington, DC
    • Froeb, L.M. and Werden, G.J. (1991). Endogeneity in the concentration-price relationship: Cause and consequences, Economic Analysis Working Paper, Antitrust Division of the US Department of Justice, Washington, DC.
    • (1991)
    • Froeb, L.M.1    Werden, G.J.2
  • 29
    • 84959776243 scopus 로고
    • The farm-retail price spread in a competitive food industry
    • Gardner, B.L. (1975). The farm-retail price spread in a competitive food industry, American Journal of Agricultural Economics 57, 399-409.
    • (1975) American Journal of Agricultural Economics , vol.57 , pp. 399-409
    • Gardner, B.L.1
  • 30
    • 33645987739 scopus 로고
    • Testing for market power in supermarket prices: A review of the Kaufman-Handy/ERS Study
    • Cotterill, R.W. (Ed.) Westview Press, Boulder, Colorado
    • Geithman F.E. and Marion, B.W. (1993). Testing for market power in supermarket prices: A review of the Kaufman-Handy/ERS Study, in Cotterill, R.W. (Ed.), Competitive Strategy Analysis in the Food System. Westview Press, Boulder, Colorado, pp. 253-292.
    • (1993) Competitive Strategy Analysis in the Food System , pp. 253-292
    • Geithman, F.E.1    Marion, B.W.2
  • 31
    • 4744360628 scopus 로고    scopus 로고
    • The impact of supermarkets on farm suppliers
    • Griffith, G.R. (2004). The impact of supermarkets on farm suppliers, Australian Economic Review 57, 329-336.
    • (2004) Australian Economic Review , vol.57 , pp. 329-336
    • Griffith, G.R.1
  • 32
    • 0001426594 scopus 로고    scopus 로고
    • Valuation of new goods under perfect and imperfect competition
    • Bresnahan, T. and Gordon, R.J. (eds) The University of Chicago Press, Chicago
    • Hausman, J. (1997). Valuation of new goods under perfect and imperfect competition, in Bresnahan, T. and Gordon, R.J. (eds), The Economics of New Goods. The University of Chicago Press, Chicago, pp. 209-237.
    • (1997) The Economics of New Goods , pp. 209-237
    • Hausman, J.1
  • 34
    • 84959764955 scopus 로고
    • Markup pricing in a dynamic model of the food industry
    • Hein, D.M. (1980). Markup pricing in a dynamic model of the food industry, American Journal of Agricultural Economics 62, 10-18.
    • (1980) American Journal of Agricultural Economics , vol.62 , pp. 10-18
    • Hein, D.M.1
  • 35
    • 13044287370 scopus 로고    scopus 로고
    • Multimarket market power estimation: The Australian retail meat sector
    • Hyde, C.E. and Perloff, J.M. (1998). Multimarket market power estimation: The Australian retail meat sector, Applied Economics 30, 1169-1176.
    • (1998) Applied Economics , vol.30 , pp. 1169-1176
    • Hyde, C.E.1    Perloff, J.M.2
  • 38
    • 33645971157 scopus 로고    scopus 로고
    • Estimation of the effects of new brands on incumbents' profits and consumer welfare: The US processed cheese market case
    • Kim, D. (2004). Estimation of the effects of new brands on incumbents' profits and consumer welfare: The US processed cheese market case. Review of Industrial Organization 25, 275-294.
    • (2004) Review of Industrial Organization , vol.25 , pp. 275-294
    • Kim, D.1
  • 39
    • 33846136274 scopus 로고    scopus 로고
    • Biases in Static Oligopoly Models? Evidence from the California Electricity Market
    • NBER Working Paper 10895, Cambridge, MA
    • Kim, D. and Knittel, C.R. (2004). Biases in Static Oligopoly Models? Evidence from the California Electricity Market, NBER Working Paper 10895, Cambridge, MA.
    • (2004)
    • Kim, D.1    Knittel, C.R.2
  • 41
    • 0036337274 scopus 로고    scopus 로고
    • Why should imperfect competition matter to agricultural economists? European
    • McCorriston, S. (2002). Why should imperfect competition matter to agricultural economists? European Review of Agricultural Economics 29, 349-371.
    • (2002) Review of Agricultural Economics , vol.29 , pp. 349-371
    • McCorriston, S.1
  • 42
    • 0000306101 scopus 로고    scopus 로고
    • Measuring marketing power in the ready-to-eat cereal industry
    • Nevo, A. (2001). Measuring marketing power in the ready-to-eat cereal industry, Econometrica 69, 307-342.
    • (2001) Econometrica , vol.69 , pp. 307-342
    • Nevo, A.1
  • 44
    • 0842290934 scopus 로고    scopus 로고
    • Supermarket choices and supermarket competition in market equilibrium
    • Smith, H. (2004). Supermarket choices and supermarket competition in market equilibrium, Review of Economic Studies 71, 235-263.
    • (2004) Review of Economic Studies , vol.71 , pp. 235-263
    • Smith, H.1
  • 45
    • 33645975323 scopus 로고    scopus 로고
    • Fair market or market failure? A review of Australia's retailing sector
    • The Parliament of the Commonwealth of Australia a report by the Joint Select Committee on the Retailing Sector. Senate Printing Unit, Parliament House, Canberra
    • The Parliament of the Commonwealth of Australia (1999). Fair market or market failure? A review of Australia's retailing sector, a report by the Joint Select Committee on the Retailing Sector. Senate Printing Unit, Parliament House, Canberra.
    • (1999)
  • 46
    • 33645990131 scopus 로고
    • US Department of Justice (US DOJ) Available from URL: [accessed 22 Sept 2005]
    • US Department of Justice (US DOJ) (1984). Non-Horizontal Merger Guidelines. Available from URL: http://www.usdoj.gov/atr/public/ guidelines/2614.htm [accessed 22 Sept 2005].
    • (1984) Non-Horizontal Merger Guidelines
  • 47
    • 30344455560 scopus 로고    scopus 로고
    • Department of Agricultural & Resource Economics, University of California, Berkeley. Available from URL: [accessed 26 Sept 2005]
    • Villas-Boas, S.B. (2005). Vertical Contracts Between Manufacturers and Retailers: Inference with Limited Data. Department of Agricultural & Resource Economics, University of California, Berkeley. Available from URL: http://repositories.cdlib.org/are_ucb/943R2 [accessed 26 Sept 2005].
    • (2005) Vertical Contracts Between Manufacturers and Retailers: Inference With Limited Data
    • Villas-Boas, S.B.1
  • 48
    • 24944535342 scopus 로고    scopus 로고
    • Globalizing retail: Conceptualizing the distribution-based transnational corporation
    • Wrigley, N., Coe, N.M. and Currah, A.D. (2005). Globalizing retail: conceptualizing the distribution-based transnational corporation, Progress in Human Geography 29, 437-457.
    • (2005) Progress in Human Geography , vol.29 , pp. 437-457
    • Wrigley, N.1    Coe, N.M.2    Currah, A.D.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.