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  1. Retail pricing format and rigidity of regular prices
    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

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 205
    No inter-library loan

     

    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
  2. Retail pricing format and rigidity of regular prices
    Published: [2023]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 714
    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
    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
  3. An organizational structure approach to price setting and monetary policy
    Published: [2022]
    Publisher:  [Insper], [São Paulo/SP - Brasil]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Insper working papers]
    Subjects: Price Rigidity; Phillips Curve; Real Effects of Nominal Shocks; Information Transmission
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  4. Zero-ending prices, cognitive convenience, and price rigidity
    Published: [2022]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 714
    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
    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
  5. Zero-ending prices, cognitive convenience, and price rigidity
    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

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 205
    No inter-library loan

     

    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
  6. Price setting with customer capital
    sales, teasers, and rigidity
    Published: [2022]
    Publisher:  Research Department, Federal Reserve Bank of Philadelphia, Philadelphia, PA

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 438
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working papers / Research Department, Federal Reserve Bank of Philadelphia ; 22, 31 (September 2022)
    Subjects: Product Market Search; Customer Base; Sales; Teasers; Price Rigidity
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  7. Retail pricing format and rigidity of regular prices
    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

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 205
    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.

     

    Export to reference management software   RIS file
      BibTeX file
    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
  8. Retail pricing format and rigidity of regular prices
    Published: [2021]
    Publisher:  Rimini Centre for Economic Analysis, [Waterloo, Ontario]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 714
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    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