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promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with … uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the …
Persistent link: https://www.econbiz.de/10012582137
promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with … uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the …
Persistent link: https://www.econbiz.de/10012514277
accuracy of the CPI, on the validity of models of retail firm pricing behavior, and on recent work on the stickiness of prices …
Persistent link: https://www.econbiz.de/10010860713
. Without actually estimating menu costs, we can infertheir relevance for …firrms' price setting decisions from observed pricing …
Persistent link: https://www.econbiz.de/10005868388
Since the beginning of 80s for making pricing analysis in the markets with imperfect competition a lot of econometric … New Empirical Industrial Organization (NEIO) theory and applied in numerous studies on the market structure of and pricing … pricing meet the requirements of perfect competition. The article provides current concepts for the market pricing analysis in …
Persistent link: https://www.econbiz.de/10010726932
Price-setting models with monopolistic competition and costs of changing prices exhibit coordination failure: in response to a monetary policy shock, individual agents lack incentives to change prices even when it would be Pareto-improving if all agents did so. The potential welfare gains are in...
Persistent link: https://www.econbiz.de/10014075823
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.
Persistent link: https://www.econbiz.de/10010336066
study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics …. Robustly to alternative definitions of the relative price, identification schemes dictated by two-sided (S,s) pricing theory …
Persistent link: https://www.econbiz.de/10011604347
field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … role in pricing. To the best of our knowledge, ours is the first study to explore and quantify how ESL interacts with … retail strategy to affect retail pricing practices and retail outcomes. …
Persistent link: https://www.econbiz.de/10012052133
Companies that know how to set the right prices for their products and services understand that pricing isn’t simply a …
Persistent link: https://www.econbiz.de/10012120363