Showing 1 - 10 of 46
field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … leveraging value in information for consumers. However, ESL’s impact on prices is nuanced, based on the retail strategy (EDLP, HI …-LO) being used. Papers quantifying emerging technologies’ impact on retail outcomes are sparse, even fewer investigating their …
Persistent link: https://www.econbiz.de/10012052133
There has been increasing interest in understanding how firms undertake non‐price adjustment activities, especially in situations where prices may be rigid despite changes in market conditions. Using scanner price data for over 4500 different food products from a large US supermarket chain, we...
Persistent link: https://www.econbiz.de/10012140551
price changes do not translate into commensurate retail price changes. The implication is asymmetric—a small wholesale price … increase is more profitable because manufacturers will not lose customers from higher retail prices; yet, a small decrease is … less profitable, because it will not lower retail prices; hence, there is no extra revenue from greater sales. For larger …
Persistent link: https://www.econbiz.de/10012140617
field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … leveraging value in information for consumers. However, ESL's impact on prices is nuanced, based on the retail strategy (EDLP, HI …-LO) being used. Papers quantifying emerging technologies' impact on retail outcomes are sparse, even fewer investigating their …
Persistent link: https://www.econbiz.de/10012387264
wholesale price changes do not translate into commensurate retail price changes. The implication is asymmetric – small wholesale … increases are more profitable because manufacturers will not lose customers from higher retail prices; yet, small wholesale … decreases are less profitable, because these will not create lower retail prices, hence no extra revenue from greater sales. For …
Persistent link: https://www.econbiz.de/10013204748
There has been increasing interest in understanding how firms undertake non-price adjustment activities, especially in situations where prices may be rigid despite changes in market conditions. Using scanner price data for over 4,500 different food products from a large US supermarket chain, we...
Persistent link: https://www.econbiz.de/10013204756
field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … leveraging value in information for consumers. However, ESL's impact on prices is nuanced, based on the retail strategy (EDLP, HI …-LO) being used. Papers quantifying emerging technologies' impact on retail outcomes are sparse, even fewer investigating their …
Persistent link: https://www.econbiz.de/10012060927
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/10005076839
wholesale price changes do not translate into commensurate retail price changes. The implication is asymmetric – small wholesale … increases are more profitable because manufacturers will not lose customers from higher retail prices; yet, small wholesale … decreases are less profitable, because these will not create lower retail prices, hence no extra revenue from greater sales. For …
Persistent link: https://www.econbiz.de/10008540676
Using unique retail and wholesale price data for 4,532 products carried by a major Midwestern grocery retailer, we find … evidence of significant retail price rigidity during the Thanksgiving through Christmas holiday period relative to the rest of … the year. We suggest that this pattern of holiday retail price rigidity is best explained by an increased opportunity cost …
Persistent link: https://www.econbiz.de/10005126197