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3 Lessons from Hyperinflationary Periods

Bergen, Mark; Bergen, Thomas; Levy, Daniel; Semenov, Rose - In: Harvard Business Review (2022) Forthcoming

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation …

Persistent link: https://www.econbiz.de/10013457198

3 lessons from hyperinflationary periods

Bergen, Mark; Bergen, Thomas; Levy, Daniel C.; Semenov, Rose - 2022

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation …

Persistent link: https://www.econbiz.de/10014388407

Asymmetric Price Adjustment in the Small

Chen, Haipeng (Allan); Levy, Daniel; Ray, Sourav; … - In: Journal of Monetary Economics 55 (2008) 4, pp. 728-737

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 …

Persistent link: https://www.econbiz.de/10012140646

3 lessons from hyperinflationary periods

Bergen, Mark; Bergen, Thomas; Levy, Daniel C.; Semenov, Rose - 2022 - Revised: November 11, 2022

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation …

Persistent link: https://www.econbiz.de/10013465228

Price Points and Price Rigidity

Levy, Daniel; Lee, Dongwon; Haipeng (Allan) Chen; … - Department of Economics, Bar Ilan University - 2010

We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: “9” is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at...

Persistent link: https://www.econbiz.de/10008873305

Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets

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

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 are a much more complex construct than the existing...

Persistent link: https://www.econbiz.de/10010861936

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

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...

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

Asymmetric Price Adjustment in the Small

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

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 …

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

Pricing Better

Ray, Sourav; Wang, Li; Levy, Daniel; Bergen, Mark - 2019

Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies require non-trivial investments by the retailer, they also promise significant operational efficiencies in the form of savings in material, labor and managerial costs. The presumed...

Persistent link: https://www.econbiz.de/10012052133

Pricing better

Ray, Sourav; Wang, Li; Levy, Daniel; Bergen, Mark - 2019

Persistent link: https://www.econbiz.de/10012387264