BACKGROUND Pricing strategies are an important component in the marketing mix and may also be useful in stimulating healthier food choices. However, due to competing interests and feasibility problems, the introduction of pricing strategies is complicated. For successfully introducing food pricing strategies, it is essential to explore incentives that are not only promising but also realizable ...

A structural shift from transaction-based, marginal cost pricing to feebased service business models often accompanies the emergence of “platform” markets, i.e. multi-sided markets where an intermediary captures the value of the interaction between user groups. The many examples include telecommunications, data storage, cinema, music and media, and the automobile industry. Why not electricity? ...

This paper examines dynamic pricing behavior in retail gasoline markets for 19 Canadian cities over 574 weeks. I find three distinct retail pricing patterns: 1. standard cost-based pricing, 2. sticky pricing, and 3. steep, asymmetric retail price cycles that, while seldom documented empirically, resemble those of Maskin & Tirole [1988]. I use a Markov switching regression to estimate the preval...

A multisector model was formulated to simulate the effects of recombinant porcine somatotropin (pST) on the U.S. hog-pork industry. A producer sector submodel was specified for nine hog-producing states, and a retail-wholesale sector was specified on a national level. Four pST adoption scenarios were tested; these differed in the extent of feed cost reduction (15 vs 25%) with or without premium...

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Now video games seem to be in nearly every home in America. Interactive game revenues—at $20 billion annually (Cohen 2000)—are now as great as those of the retail software industry, and significantly greater than those of the domestic film industry (“Industrial Strengths: New vs. Old Economy Earnings” 2000). Given this pervasiveness, educators are faced with many challenges connected with video...

information technology is a critical tool for companies to achieve the competitive advantage and organizational innovation. it capability provides an appropriate opportunity for retailers to improve their relationships with customers and progress firms’ performance. comes with advances in technology, retail industry by using information technology has changed its business process from tradition...

The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as frequently as wholesale costs. We analyze the impact of having some share of customers on time-invariant pric...

This paper empirically investigates the cause of asymmetric pricing: retail prices responding faster to cost increases than decreases. Using daily price data for over 11,000 retail gasoline stations I find that prices fall slower than they rise as a consequence of firms extracting informational rents from consumers with positive search costs. Premium gasoline prices are shown to fall slower tha...