Table 3.

Changes in prices: Firm analyses with corrected prices.

	Cookies		Ready-to-eat cereals		Salty snacks and peanuts		Pre-packaged sweet bread
Post	0.115	***	0.054	***	0.067	***	0.053	***
	(0.003)		(0.005)		(0.002)		(0.004)
NLF#1-Post	−0.018	***	−0.04	***	0.002		−0.041	***
	(0.002)		(0.005)		(0.002)		(0.007)
NLF#2-Post	−0.055	***	−0.001		0.012	***	−0.039	***
	(0.006)		(0.008)		(0.004)		(0.005)
NLF#3-Post	−0.153	***	0.076	***	−0.031	***	−0.005
	(0.009)		(0.012)		(0.009)		(0.015)
NLF#4-Post	−0.063	***	0.043	***	0.049	***
	(0.009)		(0.012)		(0.004)
NLF#5-Post	−0.125	***			−0.005
	(0.019)				(0.011)
NLF#6-Post	−0.058	***			−0.077	***
	(0.006)				(0.008)
NLF#7-Post					0.026	***
					(0.005)
NLF#8-Post					0.017	***
					(0.006)
NLF#9-Post					−0.050	***
					(0.009)
Lagged GIEA	0.006	***	0.003	**	−0.005	***	0.001
	−0.001		−0.001		(0.001)		−0.001
Population	−0.069	***	−0.063	***	−0.072	***	−0.071	***
	−0.01		−0.017		(0.01)		−0.014
N	173,984		88,208		158,888		44,083

Notes: Standard error in parentheses. Corrected prices correct for biases associated with households’ and retailers’ characteristics. Models included UPI, city, and month fixed effects, a constant, and linear and squared time trends.

^*p < 0.10

^**p < 0.05

^***p < 0.010. Post: years 2014–15, NLF: Non-leading firm, GIEA: Global Indicator of Economic

Source: Authors’ own analyses and calculations based on data from Nielsen through its Mexico Consumer Panel Service (CPS) for the food and beverage categories for January 2012 – December 2015. The Nielsen Company, 2016. Nielsen is not responsible for and had no role in preparing the results reported herein.