This paper assesses the role of sales as a feature of price dynamics using scanner data. The study analyses a unique, high frequency panel of supermarket prices consisting of over 230,000 weekly price observations on around 500 products in 15 categories of food stocked by the UK’s seven...

This paper is concerned with the impact of the BSE crisis in the UK and focuses on the spread between retail and farm prices. From a theoretical perspective we show that if market power has an effect on the spread between retail and farm prices then this determines the specification of the...

This paper brings time series techniques to bear on the relationships between the prices of the principal types of wheat traded internationally. In all, the relationships between eleven wheat prices (categorised by wheat quality, harvest date and port of despatch) are scrutinised to uncover the...

This paper analyses the price of a common basket of products sold in each of the UK’s four largest retail chains to assess propositions regarding price leadership. Data used in this investigation represent weighted average prices of a large group of branded and non-branded products purchased...

This paper assesses the impact of promotional activity in the prices of food products on supermarket shelves. The study analyses a unique, high frequency panel of supermarket prices consisting of over 230,000 weekly price observations on around 500 products in 15 categories of food stocked by...

The Cotonou Agreement, successor to the Lome Convention, offers African, Caribbean and Pacific (ACP) countries preferential access to EU markets by establishing economic partnership agreements (EPAs) between the EU and blocks of ACP countries that are members of regional trading arrangements....

Two findings have been common in the literature on the impact of foreign aid on public sector fiscal behaviour in developing countries. The first is that aid ‘sticks’ to higher levels of recipient government expenditure, with aggregate expenditure often rising by more than the value of the...

There has been a recent resurgence of interest in the relationship between income inequality and growth. We use the WIDER/UNDP World Income Inequality Database to investigate the effects of inequality and trade liberalisation on growth in a sample of exclusively developing countries....

This paper estimates the impact on a sample of 34 African, Caribbean and Pacific(ACP) countries of eliminating tariffs on imports from the EU under Economic PartnershipAgreements (EPAs), considering trade, welfare and revenue effects. Even assuming ‘immediate’complete elimination of all...