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Holiday price regidity and cost of price adjustment

Levy, Daniel; Müller, Georg; Chen, Haipeng (Allan); … - 2008

The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers' questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...

Persistent link: https://www.econbiz.de/10010336068

Price Adjustment at Multiproduct Retailers

Levy, Daniel; Dutta, Shantanu; Bergen, Mark; Venable, Robert - In: Managerial and Decision Economics 19 (1998) 2, pp. 81-120

We empirically study the price adjustment process at multiproduct retail stores. We use a unique store level data set for five large supermarket and one drugstore chains in the USA, to document the exact process required to change prices. Our data set allows us to study this process in great...

Persistent link: https://www.econbiz.de/10012140548

Heterogeneity in Price Rigidity: Evidence from a Case Study Using Microlevel Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - In: Journal of Money, Credit and Banking 34 (2002) 1, pp. 197-220

rigidity in response to the second shock than the first. The second data set consists of all publicly available information … about the shocks. Content analysis of these information reveals that the first shock is larger and more persistent, and the … market has more information on it than the second. We conclude, therefore, that prices are more flexible in response to cost …

Persistent link: https://www.econbiz.de/10012140580

Price Flexibility in Channels of Distribution: Evidence from Scanner Data

Dutta, Shantanu; Bergen, Mark; Levy, Daniel - In: Journal of Economic Dynamics and Control 26 (2002) 11, pp. 1845-1900

In this study, we empirically examine the extent of price rigidity using a unique store-level time-series data set – consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers’ costs and the prices received by...

Persistent link: https://www.econbiz.de/10012140582

Private Label Price Rigidity during Holiday Periods

Müller, Georg; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - In: Applied Economics Letters 13 (2006) 1, pp. 57-62

Using weekly retail transaction scanner price data from a large US supermarket chain, significantly higher retail price rigidity is found 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/10012140584

Holiday Price Rigidity and Cost of Price Adjustment

Levy, Daniel; Müller, Georg; Chen, Haipeng (Allan); … - In: Economica 77 (2010) 305, pp. 172-198

The Thanksgiving–Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks, such as restocking shelves, handling customers' questions and inquiries, running cash registers, cleaning and bagging, become more urgent during holidays. As a result, the...

Persistent link: https://www.econbiz.de/10012140586

Shattering the Myth of Costless Price Changes

Bergen, Mark; Ritson, Mark; Dutta, Shantanu; Levy, Daniel; … - In: European Management Journal 21 (2003) 6, pp. 663-669

Despite its centrality to the topic, very little attention has been paid to the topic of price changes. Indeed, for the most part, organisations operate under the myth of costless price changes. This article broadens the definition of the costs of changing price and then presents strategic...

Persistent link: https://www.econbiz.de/10012140591

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

Zbaracki, Mark J.; Ritson, Mark; Levy, Daniel; Dutta, … - In: Review of Economics and Statistics 86 (2004) 2, pp. 514-533

addition to physical costs (menu costs), we identify and measure three types of managerial costs (information gathering …

Persistent link: https://www.econbiz.de/10012140625

Heterogeneity in Price Rigidity: Evidence from a Case Study Using Micro-Level Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - 2002

Persistent link: https://www.econbiz.de/10013204722

Price Flexibility in Channels of Distribution: Evidence from Scanner Data

Dutta, Shantanu; Bergen, Mark; Levy, Daniel - 2002

In this study, we empirically examine the extent of price rigidity using a unique store-level time series data set—consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers’ costs and the prices received by manufacturers,...

Persistent link: https://www.econbiz.de/10013204723