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Power and Competition in the UK Retail Grocery Market
Author(s) -
Burt Steve L.,
Sparks Leigh
Publication year - 2003
Publication title -
british journal of management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.407
H-Index - 108
eISSN - 1467-8551
pISSN - 1045-3172
DOI - 10.1111/1467-8551.00377
Subject(s) - oligopoly , market power , competition (biology) , context (archaeology) , business , power (physics) , retail market , industrial organization , competition policy , vertical restraints , economics , microeconomics , marketing , cournot competition , ecology , paleontology , physics , quantum mechanics , incentive , biology , monopoly
The UK retail grocery market is widely recognized as being oligopolistic. This has raised concerns over the level and use of power by the leading retailers. This paper considers the changes in the UK retail grocery market in the context of a discussion of power. This discussion focuses on the possibility of a dominant chain arising in the market. Vertical and horizontal relationships and price and non‐price competition form the organizing principles of the analysis. Policy implications are suggested and other conclusions are drawn.