Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies … in material, labor and managerial costs. The presumed benefits of ESL, for example, tend to be focused around lower price … adjustment costs (PAC), also known as menu costs. However, ESL not only can save PAC but may also enable the retailer to price …

When selling a home, an important decision facing the homeowner is choosing an optimal listing price. This decision … will depend in large part on how the chosen list price impacts the post negotiation final sale price of the home. In this … study, we design an experiment that enables us to identify how different types of common list price strategies affect …

Macroeconomic models often generate nominal price rigidity via menu costs. This paper provides empirical evidence that … facts: (1) price points, embodied in nine-ending prices, account for approximately two-thirds of prices; and (2) at the … that nests roles for menu costs and price points and estimate model variants. Excluding the two facts yields a …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

the frequency of price changes, has increased in the recent years of protracted stagnation and double-dip recession. The … Consumer Price Index. We find that both the percentage of prices adjusted monthly and the average size of the adjustment have … price adjustment mechanism: for manufactures, price cuts have become larger and more frequent, while increases are more …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

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 … regular prices as displayed on the store shelves. We combine these data with two “generated” regular price series (filtered …

Macroeconomic models often generate nominal price rigidity via menu costs. This paper provides empirical evidence that … empirical facts: (1) price points, embodied in nine-ending prices, account for more than 60 percent of prices; (2) at the … nests roles for menu costs and price points and estimate model variants via simulated method of moments. Excluding the two …

theory predicts is out of concern for disrupting ongoing customer relationships because price changes may be viewed as unfair …. Existing models that try to capture this concern regarding price-setting are all based on goods markets that are fundamentally … the notion of a customer as a repeat buyer at a particular location. In this environment, the transactions price plays a …