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Uniform Pricing in US Retail Chains
DellaVigna, Stefano - 2017
wide variation in consumer demographics and the level of competition. Estimating a model of consumer demand reveals …
Persistent link: https://www.econbiz.de/10012453718
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Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
Chevalier, Judith A. - 2000
. We show that prices tend to fall during the seasonal demand peak for a product and that changes in retail margins account …
Persistent link: https://www.econbiz.de/10012470748
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Retail Pricing and Clearance Sales
Lazear, Edward P. - 1984
Sellers of new products are faced with having to guess demand conditions to set price appropriately. But sellers are …
Persistent link: https://www.econbiz.de/10012477642
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Are Online and Offline Prices Similar? Evidence from Large Multi-Channel Retailers
Cavallo, Alberto F. - 2016
Online prices are increasingly being used for a variety of inflation measurement and research applications, yet little is know about their relation to prices collected offline, where most retail transactions take place. This paper presents the results of the first large-scale comparison of...
Persistent link: https://www.econbiz.de/10012456533
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The Impact of E-Commerce on Relative Prices and Consumer Welfare
Jo, Yoon J. - 2019
This paper examines the impact of e-commerce on pricing behavior and welfare. Using Japanese data, we find that the entry of e-commerce firms significantly raised the rate of intercity price convergence for goods sold intensively online, but not for other goods. E-commerce also lowered relative...
Persistent link: https://www.econbiz.de/10012480450
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Exclusionary Minimum Resale Price Maintenance
Asker, John - 2010
An upstream manufacturer can use minimum retail price maintenance (RPM) to exclude potential competitors. RPM lets the incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down- stream competition and the breakdown of RPM. Hence,...
Persistent link: https://www.econbiz.de/10012462093
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Nominal Rigidities and Retail Price Dispersion in Canada over the Twentieth Century
Hickey, Ross D. - 2010
We introduce a new data set on over 230,000 monthly prices for 10 goods in 50 Canadian cities over the 40 year period from 1910 to 1950. This coupled with previously published price information from the late twentieth century allows us to present one of the first comprehensive views of nominal...
Persistent link: https://www.econbiz.de/10012462557
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Dynamic Pricing in Retail Gasoline Markets
Borenstein, Severin - 1993
relative to expected future profit: collusive prices are higher when predictable changes in demand or cost lead firms to expect … increase when demand is expected to increase and/or costs are expected to decline. Using panel data on sales volume, and retail … current demand and input price, the elasticity of current retail margins with respect to expected next-month demand is about 0 …
Persistent link: https://www.econbiz.de/10012474456
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On What States Do Prices Depend? Answers From Ecuador
Benedict, Craig - 2016
In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers. An important facet of our...
Persistent link: https://www.econbiz.de/10012456172
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Optimal Price and Inventory Adjustment in an Open-Economy Model of the Business Cycle
Flood, Robert P. - 1983
effects arise involves a misperception by rational maximizing firms of the true demand that they will face after having set …
Persistent link: https://www.econbiz.de/10012478013