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  1. Not all price endings are created equal
    price points and asymmetric price rigidity
    Author: Levy, Daniel C.; Snir, Avichai; Gotler, Alex; Chen, Haipeng
    Published: 01/2019
    Publisher:  [Bar Ilan University, Department of Economics], [Ramat-Gan, Israel]

    We document an asymmetry in the rigidity of 9-ending prices relative to non-9-ending prices. Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price-increases if the new prices are 9-ending, because 9-endings are used... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 205 (2019,1)
    Inter-library loan:
    No inter-library loan

     

    We document an asymmetry in the rigidity of 9-ending prices relative to non-9-ending prices. Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price-increases if the new prices are 9-ending, because 9-endings are used as a signal for low prices. Price setters respond strategically to the consumer-heuristic by setting 9-ending prices more often after price-increases than after price-decreases. 9-ending prices, therefore, remain 9-ending more often after price-increases than after price-decreases, leading to asymmetric rigidity: 9-ending prices are more rigid upward than downward. These findings hold for both transaction-prices and regular-prices, and for both inflation and no-inflation periods.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/202536
    Edition: Last revision: January 3, 2019
    Series: [Working papers] / [Bar-Ilan University, Department of Economics] ; 2019, 01
    Scope: 1 Online-Ressource (circa 231 Seiten), Illustrationen
  2. Not all price endings are created equal
    price points and asymmetric price rigidity
    Author: Levy, Daniel C.; Snir, Avichai; Gotler, Alex; Chen, Haiping
    Published: January 3, 2019
    Publisher:  Emory College of Arts and Sciences, Department of Economics, Atlanta, Georgia, USA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Last revision: January 3, 2019
    Series: Working paper series / Emory College of Arts and Sciences, Department of Economics ; 19, 01
    Subjects: Price Points; Price Recall; Sticky Prices; Rigid Prices; Price Adjustment; 9-Ending
    Scope: 1 Online-Ressource (circa 231 Seiten), Illustrationen