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Price setting and price adjustment in some European Union countries: Introduction to the special issue

Levy, Daniel; Smets, Frank - 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10010336066

Pricing Better

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

field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … role in pricing. To the best of our knowledge, ours is the first study to explore and quantify how ESL interacts with … retail strategy to affect retail pricing practices and retail outcomes. …

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

Pricing as a Strategic Capability

Dutta, Shantanu; Bergen, Mark; Levy, Daniel; Ritson, Mark; … - In: MIT Sloan Management Review 43 (2002) 3 (April 15, 2002), pp. 61-66

Companies that know how to set the right prices for their products and services understand that pricing isn’t simply a …

Persistent link: https://www.econbiz.de/10012120363

Price Rigidity and Flexibility: New Empirical Evidence - Introduction to the Special Issue

Levy, Daniel - In: Managerial and Decision Economics 28 (2007) 7 (Special Issue: Price Rigidity and Flexibility: New Empirical Evidence), pp. 639-647

The marketplace, along with its price system, is the single most important institution in a western‐style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently, and that ability lies behind the magical...

Persistent link: https://www.econbiz.de/10012140550

Price Setting and Price Adjustment in Some European Union Countries

Levy, Daniel; Smets, Frank - In: Managerial and Decision Economics 31 (2010) 2‐3 (Special Issue: Price Setting and Price Adjustment in Some European Union Countries), pp. 63-66

This introductory essay briefly summarizes the 11 empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10012140552

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

Pricing better

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

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

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

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

In this paper we argue that pricing is all about price changes, and that the costs of price changes are often … future pricing processes, and an understanding of the role that supply chains play in price change strategy. The framework … processes should be invested in to improve pricing effectiveness in the future. …

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

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 point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply — because constant price changes can ultimately be...

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

The Three Capitals of Pricing – Human, Systems and Social Capital

Ritson, Mark; Zbaracki, Mark; Dutta, Shantanu; Levy, Daniel - EconWPA - 2005

” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this … enhance the effectiveness of the pricing processes within their firms. We discovered at least three distinct types of … investments that managers at these firms made to price more effectively, which we term as the three capitals of pricing - human …

Persistent link: https://www.econbiz.de/10005076823