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Store Brands: Who Buys Them and What Happens to Retail Prices When They Are Introduced?

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Author Info
André Bonfrer ()
Pradeep K. Chintagunta

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Abstract

In this paper we study store brand demand behavior by examining a panel of household level and store-level data in five stores located in a competing market area. We seek to address three fundamental questions from this data. First, is there a link between store loyalty and brand loyalty? Second, does store loyalty raise store brand choice probabilities? Third, if a store brand is introduced into a category, what happens to the retail prices of the incumbent brands in the category? We find that store loyalty is negatively associated with brand loyalty, and that store loyalty increases the likelihood of a store brand purchase in a given category. We find mixed evidence on how the retailer changes prices of incumbent brands when it introduces a store brand to the category. Category level market structure measures are used to help identify under what conditions the category prices fall or rise. A number of robustness checks are used to help validate our findings.

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Publisher Info
Article provided by Springer in its journal Review of Industrial Organization.

Volume (Year): 24 (2004)
Issue (Month): 2 (03)
Pages: 195-218
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Handle: RePEc:kap:revind:v:24:y:2004:i:2:p:195-218

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  1. Venturini, Luciano, 2006. "Vertical competition between manufacturers and retailers and upstream incentives to innovate and differentiate," 98th Seminar, June 29-July 2, 2006, Chania, Crete, Greece 10050, European Association of Agricultural Economists. [Downloadable!]
  2. Bontemps, C. & Orozco, V. & Réquillart, V., 2005. "Confirming the price effects of private labels development," Economics Working Paper Archive (Toulouse) 200506, French Institute for Agronomy Research (INRA), Economics Laboratory in Toulouse (ESR Toulouse). [Downloadable!]
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  3. Bontemps, Christophe & Orozco, Valérie & Réquillart, Vincent, 2008. "Private Labels, National Brands and Food Prices," IDEI Working Papers 402, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]
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This page was last updated on 2009-11-25.


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