Supermarket Pricing And Game Theory: The Presence Of Wal-Mart
Wal-Mart is a giant in the grocery industry and its influence is growing at a rapid pace. Despite Wal-Mart's success with Everyday Low Pricing (EDLP), there is little to no evidence to suggest that other supermarket chains wish to follow a similar path. Why? This research addresses this question.
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- Jacob K Goeree & Charles A Holt, 2004.
"Ten Little Treasures of Game Theory and Ten Intuitive Contradictions,"
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618897000000000900, David K. Levine.
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- Rajiv Lal & Ram Rao, 1997. "Supermarket Competition: The Case of Every Day Low Pricing," Marketing Science, INFORMS, vol. 16(1), pages 60-80.
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