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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
Retail Pricing Format and Rigidity of Regular Prices . 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.
In addition, sale prices are less correlated with economic shocks than regular prices, suggesting that the adjustment to aggregate shocks takes place, mostly, via regular price changes.2 Recent studies of price-setting models, therefore, distinguish between regular and transaction prices.3 In this paper, we argue that the distinction between reg...
We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (i.e., pricing strategies). We use data from three large Canadian stores with different pricing formats
Download Free PDF. Regular prices and sales. 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.
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 ...
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.
