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Asymmetric Wholesale Pricing: Theory and Evidence

Ray, Sourav; Chen, Haipeng; Bergen, Mark; Levy, Daniel - EconWPA - 2005

Asymmetric pricing is the phenomenon where prices rise more readily than they fall. We articulate, and provide empirical support for, a theory of asymmetric pricing in wholesale prices. In particular, we show how wholesale prices may be asymmetric in the small but symmetric in the large, when...

Persistent link: https://www.econbiz.de/10005561258

Regional Economies, Innovation and Competitiveness in a System Dynamics Representation

Fratesi, Ugo - EconWPA - 2004

The System Dynamics methodology is used in this article as unifying approach in order to show how a number of theories about the performance of territories developed in the past 20 years can integrate the one with the other; to demonstrate this, a model of local economy coherent with these...

Persistent link: https://www.econbiz.de/10005407836

Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets

Zbaracki, Mark; Ritson, Mark; Levy, Daniel; Dutta, Shantanu - EconWPA - 2004

We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...

Persistent link: https://www.econbiz.de/10005076839

Job Creation or Destruction? Labor-Market Effects of Wal-Mart Expansion

Basker, Emek - EconWPA - 2003

This paper estimates the effect of Wal-Mart expansion on retail employment at the county level. Using an instrumental …-variables approach to correct for both measurement error in entry dates and endogeneity of the timing of entry, I find that Wal-Mart … employment declines by approximately 20 jobs due to Wal-Mart's vertical integration. No spillover effect is detected in retail …

Persistent link: https://www.econbiz.de/10005125732

Holiday Price Rigidity and Cost of Price Adjustment

Levy, Daniel; Muller, Georg; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

Using unique retail and wholesale price data for 4,532 products carried by a major Midwestern grocery retailer, we find evidence of significant retail price rigidity during the Thanksgiving through Christmas holiday period relative to the rest of the year. We suggest that this pattern of holiday...

Persistent link: https://www.econbiz.de/10005126197

B2C eCommerce Strategy and Market Structure: The Survey Based Approach

Schmitz, Stefan W.; Sint, Peter Paul - EconWPA - 2003

This paper follows two objectives: (i) It demonstrates the merits of the survey based approach to B2C eCommerce characteristics and company strategy, and (ii) it presents empirical evidence of the crucial importance of size and marketing investment in B2C eCommerce markets. It presents...

Persistent link: https://www.econbiz.de/10005134447

When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws

Bergen, Mark; Levy, Daniel; Ray, Sourav; Rubin, Paul; … - EconWPA - 2004

We study item-pricing laws (which require that each item in a store be individually marked with a price sticker) and examine and quantify their costs and benefits. On the cost side, we argue that item-pricing laws increase the retailers’ costs, forcing them to raise prices. We test this...

Persistent link: https://www.econbiz.de/10005412533

Heterogeneity in Price Rigidity: Evidence from a Case Study Using Micro-Level Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. We find that prices exhibit more rigidity in response to the second shock than the first. The...

Persistent link: https://www.econbiz.de/10005412696

Estimation of Dynamic Decision Models with Corner Solutions: A Model of Price and Inventory Decisions

Aguirregabir, V. - EconWPA - 1996

This paper proposes and applies a method of moments to estimate dynamic decision models with corner solutions. The method extends previous results by Hotz and Miller (1993) and Pakes (1994), and it allows for unobserved state variables affecting both the continuous choice (interior solution) and...

Persistent link: https://www.econbiz.de/10005556342

Rising stars in information and communication technology

Heng, Stefan - EconWPA - 2004

The quest for more efficiency and security is reflected in the economy as a whole, but especially in the product and process innovations in information and communication technology (ICT). We examine the ten concepts considered to have the brightest prospects in the business segment in terms of...

Persistent link: https://www.econbiz.de/10005118730

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