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of the results for the asymmetric pricing, distribution channels and cost of price adjustment literatures, and …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 …
Persistent link: https://www.econbiz.de/10005561258
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 retail price rigidity is best explained by an increased opportunity cost …
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 …
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 … used consumer product categories. We simultaneously examine the extent of price rigidity for each of the twelve products at … both, final goods and intermediate goods levels. We study two notions of price rigidity employed in the existing literature …
Persistent link: https://www.econbiz.de/10005561335
In this paper we argue that pricing is all about price changes, and that the costs of price changes are often … future pricing processes, and an understanding of the role that supply chains play in price change strategy. The framework … incorporates customer interpretations of price changes, an awareness of the organizational costs of price changes, investments in …
Persistent link: https://www.econbiz.de/10005556152
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity … regulatory interventions and lawsuits, which led to substantial changes in the Coca-Cola market conditions. The nickel price of … Company and its parent bottlers that encouraged retail price maintenance, (2) a single-coin vending machine technology, which …
Persistent link: https://www.econbiz.de/10005412575
related to the market price that each of these customers is likely to be willing to pay. (5) While the income is critical, so …
Persistent link: https://www.econbiz.de/10005561773
We study item-pricing laws (which require that each item in a store be individually marked with a price sticker) and … accomplish their mission of preventing all price mistakes. Comparing the costs of item-pricing laws to their benefits, we find … examine and quantify their costs and benefits. On the cost side, we argue that item-pricing laws increase the retailers’ costs …
Persistent link: https://www.econbiz.de/10005412533
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 … total, the price adjustment costs comprise 1.22 percent of the company’s revenue and 20.03 percent of the company’s net …
Persistent link: https://www.econbiz.de/10005076839
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