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1 sty 2021 · PDF | We study different notions of sale and regular prices, and their variability with store pricing-formats. We use data from three large stores with... | Find, read and cite all the...
Regular prices and sales. P. Heidhues. 2014, Theoretical Economics. See Full PDF Download PDF. See Full PDF Download PDF. Related Papers. European Journal of Economics and Economic Policies: Intervention. On the empirical regularities of Sraffa prices. 2020 •
Price theory is concerned with explaining economic activity in terms of the creation and transfer of value, which includes the trade of goods and services between difierent economic agents. A puzzling question addressed by price theory is, for example: why is water so cheap and diamonds
1 Introduction. Consumer retail prices exhibit a systematic combination of stickiness and exibility. The stickiness of prices|that they can remain unchanged for many months despite changing cost or demand circumstances|has long been considered a stylized fact in industrial organization.
Abstract. We study different notions of sale and regular prices, and their variability with store pricing-formats. We use data from three large stores with different pricing-formats (EDLP/Hi-Lo/Hybrid) that are located within 1-km radius.
Then, a price is drawn from the distribution and the consumer decides whether to buy a single item of the good. Our main result establishes that the optimal price distribution consists of low and variable “sale” prices and a high and atomic “regular” price. The sale prices are chosen such that it is not.
In this study, we empirically examine the extent of price rigidity using a unique store-level time-series data set – consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers’ costs and the prices received by manufacturers, and (iii) a measure of manufacturers’ costs – for 12 ...
