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1 mar 2017 · This paper offers a simple model of the price mechanism in markets where buyers take prices as given and prices are set by sellers, as in most consumer markets.
European Journal of Economics and Economic Policies: Intervention. On the empirical regularities of Sraffa prices
At its most basic, a price is the amount of money that a buyer gives to a seller in exchange for a good or a service. When someone hands over $2.00 and receives a pound of tomatoes, the price is straightforward observation: $2.00 a pound.
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.
5 lut 2014 · We establish that for any degree of consumer loss aversion, the monopolist's optimal price distribution consists of low and variable “sale” prices and a high and atomic “regular” price.
Regular price rigidity varies with store formats because different format stores treat sale prices differently, and consequently define regular prices differently. Correspondingly, the meanings of price cuts and sale prices vary across store formats. To interpret the findings, we consider the store pricing format distribution across the US.
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
