Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation … point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply …

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation … point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply …

the small.” Furthermore, it turns out that inflation offers only a partial explanation for the finding. Indeed …, substantial proportion of the asymmetry remains unexplained, even after accounting for the inflation. For example, the asymmetry … holds also after excluding periods of inflation from the data, and even for products whose price had not increased. The …

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation … point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply …

changes are those that keep the price endings at “9”; 9-ending prices are less likely to change than non-9-ending prices; and … the average size of price change is larger for 9-ending than non-9-ending prices. We conclude that 9-ending contributes to …

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 …. In addition to physical costs (“menu costs”), we identify and measure three types of managerial costs …

In this paper we argue that pricing is all about price changes, and that the costs of price changes are often … simultaneously subtle and substantial. We discuss a framework to deal with the dynamics of changing prices. This framework … incorporates customer interpretations of price changes, an awareness of the organizational costs of price changes, investments in …

inflation can explain some of the asymmetry, inflation is not the whole story as the asymmetry holds even after excluding … hold for different measures of inflation and also after allowing for lagged price adjustments. We offer a consumer …

in material, labor and managerial costs. The presumed benefits of ESL, for example, tend to be focused around lower price … adjustment costs (PAC), also known as menu costs. However, ESL not only can save PAC but may also enable the retailer to price … leveraging value in information for consumers. However, ESL’s impact on prices is nuanced, based on the retail strategy (EDLP, HI …

in material, labor and managerial costs. The presumed benefits of ESL, for example, tend to be focused around lower price … adjustment costs (PAC), also known as menu costs. However, ESL not only can save PAC but may also enable the retailer to price … leveraging value in information for consumers. However, ESL's impact on prices is nuanced, based on the retail strategy (EDLP, HI …