Pricing Decisions and Competitive Conduct Across Manufacturing Sectors: Evidence from 19 European Union Manufacturing Industries

Amountzias, Chrysovalantis

doi:10.1007/s10842-019-00293-5

Cited by 3 publications

(5 citation statements)

References 79 publications

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“…According to Dorling (2015), income inequality in the UK has been increasing over the last decades as the gap between the earnings of the richest 1%, and the remaining households has been significantly widening. 22 As the UK markets are on average more competitive compared to the EU markets (Amountzias, 2019), it is expected that price setting strategies are highly influenced by production decisions reflecting consumer demand (Kim & Moon, 2017). 23 Figure 1 captures the dynamics between the markup ratio and income disparities across the regions of the UK economy.…”

Section: Resultsmentioning

confidence: 99%

“…As the UK markets are on average more competitive compared to the EU markets (Amountzias, 2019), it is expected that price setting strategies are highly influenced by production decisions reflecting consumer demand (Kim & Moon, 2017). Figure 1 captures the dynamics between the markup ratio and income disparities across the regions of the UK economy.…”

Section: Resultsmentioning

confidence: 99%

“…The formulation of Equation ( 11) intends to capture the effects of market power and liquidity restrictions on income disparities. 8 As market power is usually associated with lower restrictions to available funding (Amountzias, 2019), less liquidity constrained firms may take advantage of their position in concentrated markets by increasing their profitability and, thus, income disparities. This means that firms with higher liquidity reserves may enjoy a competitive advantage in the market, and through their pricing decisions, they may increase their market share and, thus, their profits.…”

Section: Methodology and Data Collectionmentioning

confidence: 99%

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Market power and income disparities: How can firms influence the gap between capital and labor earnings

Amountzias

2024

Bulletin of Econ Res

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This paper investigates the effects of market power on income disparities when firm‐specific parameters are considered to test how they shape the gap between capital and labor earnings through their pricing decisions. The dataset consists of 2895 UK manufacturing and services firms over 2010–2019. The results provide the following insights: (a) There is a strong positive association between market power and income disparities across the market, (b) liquidity constraints exert a positive effect on the asset‐based disparities ratio, but a negative effect on the profit‐based ratio. The robustness of the results is also checked when market‐specific characteristics are included in the process.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Methodology and Data Collectionmentioning

confidence: 99%

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Market power and income disparities: How can firms influence the gap between capital and labor earnings

Amountzias

2024

Bulletin of Econ Res

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“…For the purposes of both the statistical and spatial analysis, as well as the urban land use mapping, the type of product or service of the 7322 registered stores was classified into 13 land use categories using the NACE Rev. 2 classification method, which has been utilized from various studies (Amountzias, 2020(Amountzias, , 2019.…”

Section: Retail Land Use Categoriesmentioning

confidence: 99%

Spatial point pattern analysis of urban retail stores: the case of twelve large- and medium-sized Greek cities

TSOUTSOS¹,

Photis²

2020

EJG

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The retailers’ profitability and the consumers’ satisfaction depend on finding the optimal location for a retail store. When considering the stores’ spatial distribution, business potential can be understood and a squandering planning of resources can be avoided. In this paper we identify the spatial patterns of retail stores located in the traditional commercial centers of twelve large -and medium-sized Greek cities, aiming to explain why such patterns exist. The type of retail activities was determined using the image of the ground-floor stores provided by the Google Street View (GSV) service and thus 7322 stores were recorded in a geodatabase as point features. The results reveal that the retail stores’ distribution has a clustered and random spatial pattern at least in one city, where the high population density and the increase in rental prices of premises for professional activities constitute the factors that form these spatial patterns respectively.

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“…Christopher [5] presented a definition for logistics as "Logistics is the process of strategically managing the procurement, movement, and storage of materials, parts, and finished inventory through the organization and its marketing channels in such a way that current and future profitability are maximized through the cost effective fulfillment of orders." Also, supply chain management has attracted considerable attentions in recent years [2,15,3]. As defined by Christopher [5], "Supply chain management is the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole.…”

mentioning

confidence: 99%

Producing two substitutable products under a supply chain including two manufacturers and one retailer: A game-theoretic approach

Jafari¹,

Safarzadeh²

2023

JIMO

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<p style='text-indent:20px;'>In the current study, a supply chain structure is considered consisting of duopolistic manufacturers and monopolistic retailer. In the considered structure, the manufacturers product two substitutable products and deliver them to end customers. One of the manufacturers sells his/her products only through the common retailer whereas another one sells directly to customers as well as through the common retailer. Obviously, a competitive behavior is established in order to price the products under the considered supply chain. In this point of view, a game-theoretic approach is applied including Nash, Manufacturers-Stackelberg, and Retailer-Stackelberg games to analyze the pricing decisions. Then, the equilibrium strategies obtained from the investigated games are discussed and some insights are presented. The results indicate that Manufacturers-Stackelberg and Nash games respectively lead to the highest and the lowest profits for the manufacturers and the whole system. Furthermore, the highest profit for the common retailer is obtained from Retailer-Stackelberg game.</p>

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Pricing Decisions and Competitive Conduct Across Manufacturing Sectors: Evidence from 19 European Union Manufacturing Industries

Cited by 3 publications

References 79 publications

Market power and income disparities: How can firms influence the gap between capital and labor earnings

Market power and income disparities: How can firms influence the gap between capital and labor earnings

Spatial point pattern analysis of urban retail stores: the case of twelve large- and medium-sized Greek cities

Producing two substitutable products under a supply chain including two manufacturers and one retailer: A game-theoretic approach

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