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Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)
Levy, Daniel - 2007
Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...
Persistent link: https://www.econbiz.de/10015226662
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Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," by Fabiani, S., et al. (2004)
Levy, Daniel - 2004
Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence" by S. Fabiani, M. Druant, I …
Persistent link: https://www.econbiz.de/10015226668
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Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.
Levy, Daniel - 2007
This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.
Persistent link: https://www.econbiz.de/10015227837
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Not all price endings are created equal: Price points and asymmetric price rigidity
Levy, Daniel; Snir, Avichai; Gotler, Alex; Chen, Haipeng - 2019
We document an asymmetry in the rigidity of 9-ending prices relative to non-9-ending prices. Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price-increases if the new prices are 9-ending, because 9-endings are used as a signal for low prices. Price setters...
Persistent link: https://www.econbiz.de/10015262673
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Stuck at Zero: Price Rigidity in a Runaway Inflation
Snir, Avichai; Chen, Haipeng; Levy, Daniel - 2021
We use micro level retail price data from convenience stores to study the link between 0-ending price points and price rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we find that 0-ending prices are less likely to...
Persistent link: https://www.econbiz.de/10015241491
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Stuck at Zero: Price Rigidity in a Runaway Inflation
Snir, Avichai; Chen, Haipeng; Levy, Daniel - 2021
We use micro level retail price data from convenience stores to study the link between 0-ending price points and price rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we find that more round prices are less likely to...
Persistent link: https://www.econbiz.de/10015242544
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What Can the Price Gap between Branded and Private Label Products Tell Us about Markups?
Barsky, Robert; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - 2002
In this paper we investigate the size of markups for nationally branded products sold in the U.S. retail grocery industry. Using scanner data from a large Midwestern supermarket chain, we compute several measures of upper and lower bounds on markup ratios for over 230 nationally branded products...
Persistent link: https://www.econbiz.de/10013204715
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Beyond the Cost of Price Adjustment: Investments in Pricing Capital
Zbaracki, Mark; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - 2005
expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … they can improve the efficiency of the “pricing production” activities by both reducing the costs of adjusting prices, and … of the existence as well as the importance of pricing capital in firms. The existence of firm-level “pricing capital” has …
Persistent link: https://www.econbiz.de/10013204749
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Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.
Persistent link: https://www.econbiz.de/10011107663
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Beyond the Cost of Price Adjustment: Investments in Pricing Capital
Zbaracki, Mark; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - EconWPA - 2005
expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … they can improve the efficiency of the “pricing production” activities by both reducing the costs of adjusting prices, and … of the existence as well as the importance of pricing capital in firms. The existence of firm-level “pricing capital” has …
Persistent link: https://www.econbiz.de/10005561290