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The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...
Persistent link: https://www.econbiz.de/10005561773
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
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
In this study, we empirically examine the extent of price rigidity using a unique store-level time series data set - consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers' costs and the prices received by manufacturers,...
Persistent link: https://www.econbiz.de/10005561335
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 …-State area of New York, New Jersey and Connecticut. The Tri-States offer a unique setting—a natural experiment—to study item-pricing …
Persistent link: https://www.econbiz.de/10005412533
channels; post-1989, government interventions are minimal, but private actors at intermediary, processing and retailing levels …
Persistent link: https://www.econbiz.de/10005556496
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 … of the results for the asymmetric pricing, distribution channels and cost of price adjustment literatures, and …
Persistent link: https://www.econbiz.de/10005561258
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers …
Persistent link: https://www.econbiz.de/10005076903
how this responsive pricing puts control of network service back where it belongs: with the users. … in the form of a variable price for network service is a workable tool to aid network operators in controlling Internet …
Persistent link: https://www.econbiz.de/10005135089
We show that returns policies do increase manufacturer profitability by attenuating price competition between retailers … the manufacturer's profit are weaker when retailing is a duopoly than when retailing is a monopoly. This suggests that … returns policies serve both to dampen competition and resolve demand uncertainty. …
Persistent link: https://www.econbiz.de/10005134512