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Shattering the Myth of Costless Price Changes: Emerging Perspectives on Dynamic Pricing

Bergen, Mark; Dutta, Shantanu; Levy, Daniel; Ritson, Mark; … - Department of Economics, Bar Ilan University - 2003

incorporates customer interpretations of price changes, an awareness of the organizational costs of price changes, investments in …

Persistent link: https://www.econbiz.de/10010615354

Asymmetric Price Adjustment in the Small

Levy, Daniel C.; Chen, Haipeng (Allan); Ray, Sourav; … - 2007

Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity'small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for the...

Persistent link: https://www.econbiz.de/10010260591

Shattering the Myth of Costless Price Changes: Emerging Perspectives on Dynamic Pricing

Bergen, Mark; Dutta, Shantanu; Levy, Daniel; Ritson, Mark; … - 2003

incorporates customer interpretations of price changes, an awareness of the organizational costs of price changes, investments in …

Persistent link: https://www.econbiz.de/10013204739

When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws

Bergen, Mark; Levy, Daniel; Ray, Sourav; Rubin, Paul H.; … - 2004

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, forcing them to raise prices. We test this...

Persistent link: https://www.econbiz.de/10013204745

Asymmetric Price Adjustment "in the Small:" An Implication of Rational Inattention

Levy, Daniel; Chen, Haipeng (Allan); Ray, Sourav; … - 2004

Analyzing scanner price data that cover 27 product categories over an eight-year period from a large Mid-western supermarket chain, we uncover a surprising regularity in the data—small price increases occur more frequently than small price decreases. We find that this asymmetry holds for price...

Persistent link: https://www.econbiz.de/10013204746

Private Label Price Rigidity during Holiday Periods

Müller, Georg; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - 2005

Using weekly retail transaction scanner price data from a large U.S supermarket chain, we find significantly higher retail price rigidity for private label products than for nationally branded products during the Christmas and Thanksgiving holiday periods relative to the rest of the year. The...

Persistent link: https://www.econbiz.de/10013204747

Asymmetric Wholesale Pricing: Theory and Evidence

Ray, Sourav; Chen, Haipeng (Allan); Bergen, Mark; Levy, … - 2005

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 asymmetric in the small but symmetric in the large, when...

Persistent link: https://www.econbiz.de/10013204748

Beyond the Cost of Price Adjustment: Investments in Pricing Capital

Zbaracki, Mark; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - 2005

this view, that besides observing costs of price adjustment, we should also expect to see firm-level investments in capital … expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … have long been studied in economics, such as capital investments in plant, equipment, and R&D. Furthermore, since pricing …

Persistent link: https://www.econbiz.de/10013204749

When Little Things Mean a Lot: On the Inefficiency of Item Pricing Laws

Bergen, Mark; Levy, Daniel; Ray, Sourav; Rubin, Paul; … - Volkswirtschaftliche Fakultät, … - 2006

Item pricing laws (IPLs) require a price tag on every item sold by a retailer. We study IPLs and assess their efficiency by quantifying their costs and comparing them to previously documented benefits. On the cost side, we posit that IPLs should lead to higher prices because they increase the...

Persistent link: https://www.econbiz.de/10005789876

Beyond the Cost of Price Adjustment: Investments in Pricing Capital

Zbaracki, Mark; Bergen, Mark; Levy, Daniel; Ritson, Mark - Department of Economics, Bar Ilan University - 2005

Persistent link: https://www.econbiz.de/10008526362