The influence of consumer spending on retail price setting behaviour is investigated in the context of a theory developed in previous research. The results indicate that the effect is not the same for growth and decline of spending.

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Economics Letters
Erasmus School of Economics

Nooteboom, B., & Thurik, R. (1985). Retail Margins During Recession and Growth. Economics Letters, 28–284. doi:10.1016/0165-1765(85)90218-6