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  1. 3 lessons from hyperinflationary periods
    Author: Bergen, Mark; Bergen, Thomas; Levy, Daniel C.; Semenov, Rose
    Published: [2022]
    Publisher:  Bar Ilan University, Department of Economics, Ramat-Gan, Israel

    Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because... 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

     

    Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price changes to customers. Providing clarity and predictability can increase consumer trust and help firms in the long run.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279448
    Edition: Revised: November 11, 2022
    Series: [Working papers] / Bar-Ilan University, Department of Economics ; 2022, 08
    Subjects: Inflation; Hyperinflation; Pricing; Price Setting; Price Adjustment; Menu Cost; Cost of Price Adjustment; Implicit Contract; Long-Term Relationship
    Scope: 1 Online-Ressource (circa 8 Seiten)
  2. 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

    Access:
    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 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.

     
    Export to reference management software   RIS file
      BibTeX file
    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