Table 4.

Changes in prices: Firm analyses with uncorrected prices.

	Cookies		Ready-to-eat cereals		Salty snacks and peanuts		Pre-packaged sweet bread
Post	0.06	***	0.066	***	0.047	***	0.048	***
	(0.01)		(0.013)		(0.003)		(0.002)
NLF#1-Post	−0.017	***	−0.038	***	0.003	***	−0.041	***
	(0.000)		(0.000)		(0.000)		(0.001)
NLF#2-Post	−0.065	***	−0.001		0.02	***	−0.042	***
	(0.000)		(0.001)		(0.000)		(0.000)
NLF#3-Post	−0.163	***	0.077	***	−0.023	***	−0.007	***
	(0.001)		(0.001)		(0.000)		(0.000)
NLF#4-Post	−0.067	***	0.043	***	0.05	***
	(0.001)		(0.001)		(0.000)		(0.000)
NLF#5-Post	−0.136	***			0.001
	(0.001)				(0.001)
NLF#6-Post	−0.053	***			−0.051	***
	(0.000)				(0.000)
NLF#7-Post					0.028	***
					(0.001)
NLF#8-Post					0.013	***
					(0.001)
NLF#9-Post					−0.05	***
					(0.000)
Lagged GIEA	0.000		0.003	*	0.000		0.001	*
	(0.000)		(0.001)		(0.001)		(0.000)
Population	−0.069	***	−0.064	***	−0.065	***	−0.076	***
	(0.012)		(0.013)		(0.009)		(0.002)
N	173,984		88,208		158,888		44,083

Notes: Standard error in parentheses. Uncorrected prices do not 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.