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 …

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 …

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 …

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 …

We propose a near-rational model of retail price adjustment consistent with microeconomic and macroeconomic evidence on … price dynamics. Our framework is based on the idea that avoiding errors in decision making is costly. Given our assumed cost … function for error avoidance, the timing of firms' price adjustments is determined by a weighted binary logit, and the prices …

We model retail price stickiness as the result of errors due to costly decision-making. Under our assumed cost function … for the precision of choice, the timing of price adjustments and the prices firms set are both logit random variables …. Errors in the prices firms set help explain micro "puzzles" relating to the sizes of price changes, the behavior of …

This paper evaluates the predictions of different price setting theories using a new dataset constructed from a large … on both price realizations and expectations. Aggregating the price data we find clear evidence in favor of state …-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the …

This paper offers new insights on the price setting behaviour of German retail firms using a novel dataset that …' prices to several other firm-characteristics. Moreover, information on price expectations allow analyzing the determinants of … price updating. Using univariate and bivariate ordered probit specifications, empirical menu cost models are estimated …

with monthly price quotes of 49 articles, representing different product types. We have conducted this study in order to …

Using daily retail prices gathered through web scraping in Mexico, we analyze if price changes can be characterized by … time-dependent features, like the duration of the price spell, and/or by variables associated with the state of the economy …-dependency, on the one hand, estimates indicate that price spells exhibit greater risk of ending every seven days relative to other …