Retailer Market Concentration, Buyer-Size Discounts and Inflation Dynamics

Mayumi Ojima, Junnosuke Shino, Kozo Ueda

研究成果: Article査読

2 被引用数 (Scopus)

抄録

This study considers the macroeconomic effects of retailer market concentration and buyer-size discounts on inflation dynamics. During Japan's “lost decades”, large retailers enhanced their market power, thus increasing the exploitation of buyer-size discounts in the procurement of goods. We incorporate this effect into an otherwise standard New Keynesian model. Calibrating to the Japanese economy during the lost decades, we find that these developments led to a deflation of approximately 0.1% annually.

本文言語English
ページ(範囲)101-127
ページ数27
ジャーナルJapanese Economic Review
69
1
DOI
出版ステータスPublished - 2018 3

ASJC Scopus subject areas

  • 経済学、計量経済学

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