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1 sty 2021 · PDF | We study different notions of sale and regular prices, and their variability with store pricing-formats.
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
European Journal of Economics and Economic Policies: Intervention. On the empirical regularities of Sraffa prices
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.
December 2011. Abstract. We study the properties of a pro t-maximizing monopolist's optimal price distribution when selling to a loss-averse consumer, where (following K}oszegi and Rabin (2006)) we assume that the consumer's reference point is her recent rational expectations about the purchase.
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.
Section 2 provides new evidence from price data for large food retailers in Israel. In Section 3, we present a multi-product pricing model with endogenous synchronization of price changes, characterize the rm's decision functions, and calibrate the model's parameters.
