Synchronization of price changes by multiproduct firms: evidence from Canadian newspaper prices

Using data for Canadian daily newspapers we find that price changes of papers owned by the same firm are synchronized. On the other hand, independently owned newspapers do not appear to change their prices together.

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Bibliographic Details
Published in:Economics letters 2000-09, Vol.68 (3), p.271-277
Main Authors: Fisher, Timothy C.G, Konieczny, Jerzy D
Format: Article
Language:English
Subjects:
Enterprises
Inflation
Price policy
Prices
Pricing
Regression analysis
Relative prices
Staggering
Synchronization
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Description
Summary:Using data for Canadian daily newspapers we find that price changes of papers owned by the same firm are synchronized. On the other hand, independently owned newspapers do not appear to change their prices together.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(00)00231-7