Showing 1 - 10 of 554
We study how the introduction of private-label brands (PLs) affects retailers' prices, demand, and profits, explicitly accounting for assortment adjustments of national brands (NBs) in retail stores. Using a detailed dataset on the U.S. beef market, we find that, when PLs are added to the...
Persistent link: https://www.econbiz.de/10012653276
promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with … uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the …
Persistent link: https://www.econbiz.de/10012514277
The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is because doing so solves incentive distortions that arise...
Persistent link: https://www.econbiz.de/10011742575
The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to them. This study shows that both predictions may no longer hold once adjustments in the retail sector are taken into account. I present a new model of retailing in general...
Persistent link: https://www.econbiz.de/10003824675
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and … where algorithmic-pricing software became widely available by mid-2017, and for which we have access to comprehensive, high …-frequency price data. Because adoption dates are unknown, we identify gas stations that adopt algorithmic-pricing software by testing …
Persistent link: https://www.econbiz.de/10012263827
monopolist s optimal pricing strategy and its implications for the temporal pattern of prices and for herding. The analysis is …
Persistent link: https://www.econbiz.de/10011409979
Endogenous timing can help to derive the time structure of decision making instead of assuming it as exogenously given. In our study we consider a homogeneous market where, like in the model of Kreps and Scheinkman (1983), sellers determine sales capacities before prices. Sellers must serve...
Persistent link: https://www.econbiz.de/10009781586
immunize against spying by delaying its pricing decision if its cost is low. This, however, adversely affects beliefs and …
Persistent link: https://www.econbiz.de/10011962353
We provide a novel intuition for the observation that many brand manufacturers have restricted their retailers' ability … to resell brand products online. Our approach builds on models of salience according to which price disparities across …
Persistent link: https://www.econbiz.de/10011771695
We analyze structural state dependence in brand choice using variation from brand switching during stock-outs caused by … brand switching due to stock-outs. …
Persistent link: https://www.econbiz.de/10013342887