Retailer Market Concentration, Buyer-Size Discounts and Inflation Dynamics

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2017-05-12 DOI:10.1111/jere.12150

Mayumi Ojima, Junnosuke Shino, Kozo Ueda

引用次数: 5

Abstract

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.

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零售商市场集中度、买家规模折扣和通货膨胀动态

本研究考虑了零售商市场集中度和购买者规模折扣对通货膨胀动态的宏观经济影响。在日本“失去的几十年”期间，大型零售商增强了他们的市场力量，从而增加了在采购商品时利用买家规模折扣的机会。我们将这种效应纳入标准的新凯恩斯主义模型。参照失去的几十年里的日本经济，我们发现这些发展导致了每年约0.1%的通货紧缩。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.