PSYCHOLOGICAL THRESHOLDS, DEMAND AND PRICE RIGIDITY
نویسندگان
چکیده
منابع مشابه
Price Points and Price Rigidity
We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that (i) “9” is the most frequently used price-ending for the penny, dime, dollar and ten-dollar digits, (ii) the most common price changes are those that keep the price endings at these “9” digits, (iii) the 9-ending prices are less likely to change in comparison to no...
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The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers’ questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the holiday-period opportunity cost of price adjustment may increase dramatically for retail stores, which sh...
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This study reports on an econometric analysis of a new theoretical model for price rigidity in Internet-based bookselling. We consider a variety of theoretical perspectives from marketing and economics. We specify and test a model using data on 387 books sold on the Internet that were collected over a 309-day period in 2003 and 2004. The aggregate data are built based on 1.2 million daily obser...
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There has been increasing interest in understanding how firms undertake non-price adjustment activities, especially in situations where prices may be rigid despite changes in market conditions. Using scanner price data for over 4500 different food products from a large US supermarket chain, we document periods of rigidity in product additions and deletions: new products are less likely to be in...
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The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system, therefore, have fundamental implications for many key issues in microeconomics and industrial organization...
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ژورنال
عنوان ژورنال: The Manchester School
سال: 1992
ISSN: 1463-6786,1467-9957
DOI: 10.1111/j.1467-9957.1992.tb00217.x