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Displaying results 1 to 12 of 12.

  1. 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

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    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
  2. On staggered prices and optimal inflation
    Author: Aguilera-Bravo, Asier; Casares, Miguel
    Published: [2019]
    Publisher:  Departamento de Economía, Universidad Pública de Navarra, [Pamplona]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 499
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Universidad Pública de Navarra, Departamento de Economía ; 1902
    Subjects: Monopolistic Competition; Sticky Prices; Optimal Inflation
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen
  3. Retail pricing format and rigidity of regular prices
    Author: Ray, Sourav; Snir, Avichai; Levy, Daniel C.
    Published: [2023]
    Publisher:  [Bar Ilan University, Department of Economics], [Ramat-Gan, Israel]

    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 (Every-Day-Low-Price, Hi-Lo, and Hybrid) that... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 205
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    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 (Every-Day-Low-Price, Hi-Lo, and Hybrid) that are located within a 1 km radius of each other. Our data contains both the actual transaction prices and actual regular prices as displayed on the store shelves. We combine these data with two "generated" regular price series (filtered prices and reference prices) and study their rigidity. 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.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279452
    Edition: Revised: April 29, 2023
    Series: [Working papers] / [Bar-Ilan University, Department of Economics] ; 2023, 04
    Subjects: Price Rigidity; Sticky Prices; Regular Prices; Sale Prices; Filtered Prices; Reference Prices; Temporary Price Changes; Transaction Prices; Price Cuts; Pricing Format; Pricing Strategy; Every-Day-Low-Price (EDLP); Hi-Lo; Hybrid
    Scope: 1 Online-Ressource (circa 102 Seiten), Illustrationen
  4. Retail pricing format and rigidity of regular prices
    Author: Ray, Sourav; Snir, Avichai; Levy, Daniel C.
    Published: [2023]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

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    VS 714
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Revised: April 29, 2023
    Series: Working paper series / Rimini Centre for Economic Analysis ; wp 23, 10
    Subjects: Price Rigidity; Sticky Prices; Regular Prices; Sale Prices; Filtered Prices; Reference Prices; Temporary Price Changes; Transaction Prices; Price Cuts; Pricing Format; Pricing Strategy; Every-Day-Low-Price (EDLP); Hi-Lo; Hybrid
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  5. Unconventional fiscal policy in HANK
    Author: Seidl, Hannah; Seyrich, Fabian
    Published: 2021
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for monetary policy: three simple conditions for consumption taxes, labor taxes, and the government debt level are sufficient to induce the... more

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    We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for monetary policy: three simple conditions for consumption taxes, labor taxes, and the government debt level are sufficient to induce the same consumption and labor supply of each household and, thus, the same allocation as interest rate policies. When monetary policy is constrained by a binding lower bound, a currency union, or an exchange rate peg, fiscal policy can therefore replicate any allocation that hypothetically unconstrained monetary policy would generate.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/262363
    Edition: This version: August 10, 2022
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1953
    Subjects: Unconventional Fiscal Policy; Heterogeneous Agents; Incomplete Markets; Liquidity Trap; Sticky Prices
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  6. Zero-ending prices, cognitive convenience, and price rigidity
    Author: Snir, Avichai; Chen, Haipeng; Levy, Daniel C.
    Published: [2022]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Last Revision: October 2, 2022
    Series: Working paper series / Rimini Centre for Economic Analysis ; wp 22, 12
    Subjects: Cognitive Convenience; Transaction Convenience; Price Rigidity; PriceStickiness; Sticky Prices; Rigid Prices; 0-Ending Prices; Round Prices; Convenient Prices; 9-Ending Prices; Just Below Prices; Psychological Prices; Price Points
    Scope: 1 Online-Ressource (circa 90 Seiten, Illustrationen
  7. Zero-ending prices, cognitive convenience, and price rigidity
    Author: Snir, Avichai; Chen, Haipeng; Levy, Daniel C.
    Published: [2022]
    Publisher:  Bar Ilan University, Department of Economics, Ramat-Gan, Israel

    We assess the role of cognitive convenience in the popularity and rigidity of 0-ending prices in convenience settings. Studies show that 0-ending prices are common at convenience stores because of the transaction convenience that 0-ending prices... more

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    Signature:
    DS 205
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    We assess the role of cognitive convenience in the popularity and rigidity of 0-ending prices in convenience settings. Studies show that 0-ending prices are common at convenience stores because of the transaction convenience that 0-ending prices offer. Using a large store-level retail CPI data, we find that 0-ending prices are popular and rigid at convenience stores even when they offer little transaction convenience. We corroborate these findings with two large retail scanner price datasets from Dominick's and Nielsen. In the Dominick's data, we find that there are more 0-endings in the prices of the items in the front-end candies category than in any other category, even though these prices have no effect on the convenience of the consumers' check-out transaction. In addition, in both Dominick's and Nielsen's datasets, we find that 0-ending prices have a positive effect on demand. Ruling out consumer antagonism and retailers' use of heuristics in pricing, we conclude that 0-ending prices are popular and rigid, and that they increase demand at convenience settings, not only for their transaction convenience, but also for the cognitive convenience they offer.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/272977
    Edition: Last revision: October 2, 2022
    Series: [Working papers] / Bar-Ilan University, Department of Economics ; 2022, 07
    Subjects: Cognitive Convenience; Transaction Convenience; Price Rigidity; Price Stickiness; Sticky Prices; Rigid Prices; 0-Ending Prices; Round Prices; Convenient Prices; 9-Ending Prices; Just Below Prices; Psychological Prices; Price Points
    Scope: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  8. Retail pricing format and rigidity of regular prices
    Author: Ray, Sourav; Snir, Avchai; Levy, Daniel C.
    Published: [2021]
    Publisher:  Bar Ilan University, Department of Economics, Ramat-Gan, Israel

    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. Importantly, the data... more

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

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

     

    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. Importantly, the data contain both the actual transaction prices and the actual regular prices as displayed on the store shelves. We combine these data with two “generated” regular price series and study their rigidity. Regular-price rigidity varies with store-formats because different format stores define regular-prices differently. Correspondingly, the meaning of price-cuts varies across store-formats. To interpret the findings, we consider the store pricing format distribution across the US.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/249199
    Series: [Working papers] / Bar-Ilan University, Department of Economics ; 2021, 02
    Subjects: Price Rigidity; Sticky Prices; Regular Prices; Sale Prices; Filtered Prices; Reference Prices; Transaction Prices; Price Cuts; Pricing Format; Every Day Low Price (EDLP); Hi-Lo; Hybrid
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  9. Unconventional fiscal policy in HANK
    Author: Seidl, Hannah; Seyrich, Fabian
    Published: 2021
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    In HANK, we show that fiscal policy is an appropriate macroeconomic stabilization tool at the ZLB. Fiscal policy achieves the same macroeconomic aggregates and the same welfare as hypothetically unconstrained monetary policy by replicating its... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 14
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    In HANK, we show that fiscal policy is an appropriate macroeconomic stabilization tool at the ZLB. Fiscal policy achieves the same macroeconomic aggregates and the same welfare as hypothetically unconstrained monetary policy by replicating its transmission mechanism. Consumption taxes and labor taxes replicate the effects of monetary policy through the intertemporal substitution channel. Debt-financed lumpsum transfers and a permanent increase in the government debt level replicate the effects of monetary policy through the redistribution channel.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/235761
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1953
    Subjects: Unconventional Fiscal Policy; Heterogeneous Agents; Incomplete Markets; Liquidity Trap; Sticky Prices
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  10. Stuck at zero
    price rigidity in a runaway inflation
    Author: Snir, Avichai; Chen, Haipeng; Levy, Daniel C.
    Published: [2021]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 714
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Rimini Centre for Economic Analysis ; wp 21, 10
    Subjects: Sticky Prices; Rigid Prices; 0-Ending Price Points; 9-Ending Price points; Runaway Inflation; Hyperinflation; Cost of Price Adjustment; Menu Cost
    Scope: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  11. Stuck at zero: price rigidity in a runaway inflation
    Author: Snir, Avichai; Chen, Haipeng; Levy, Daniel C.
    Published: [2021]
    Publisher:  [Bar Ilan University, Department of Economics], [Ramat-Gan, Israel]

    We use micro level retail price data from convenience stores to study the link between 0-ending price points and price rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%-430%. Surprisingly, we find... more

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    Signature:
    DS 205
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    We use micro level retail price data from convenience stores to study the link between 0-ending price points and price rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%-430%. Surprisingly, we find that 0-ending prices are less likely to adjust, and when they do adjust, the average adjustments are larger. These findings suggest that price adjustment barriers associated with round prices are strong enough to cause a systematic delay in price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/249198
    Series: [Working papers] / [Bar-Ilan University, Department of Economics] ; 2021, 01
    Subjects: Sticky Prices; Rigid Prices; 0-Ending Price Points; 9-Ending Price points; Runaway Inflation; Cost of Price Adjustment; Menu Cost; Invisible Handshake; Implicit Contract; Customer Market; Long-Term Relationship; Cost of Breaching a Contract; Cost of Breaking a Contract; Coca-Cola; New Coke; Exit; Voice; Loyalty; Nickel Coke; Sticky/Rigid Prices; Cost of Price Adjustment; Cost of Quality Adjustment
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  12. Retail pricing format and rigidity of regular prices
    Author: Ray, Sourav; Snir, Avichai; Levy, Daniel C.
    Published: [2021]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 714
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Rimini Centre for Economic Analysis ; wp 21, 23
    Subjects: Price Rigidity; Sticky Prices; Regular Prices; Sale Prices; Filtered Prices; ReferencePrices; Transaction Prices; Price Cuts; Pricing Format; Every Day Low Price (EDLP); Hi-Lo; Hybrid
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen