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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

Asymmetric Wholesale Pricing: Theory and Evidence

Ray, Sourav; Chen, Haipeng (Allan); Bergen, Mark; Levy, … - In: Marketing Science 25 (2006) 2, pp. 109-201

changes, this asymmetry in the behavior of wholesale price vanishes as the price adjustment cost is compensated by the … increase in retailers’ revenue resulting from correspondingly large retail price changes. We present a formal economic model of … a channel with forward-looking retailers and cost of price adjustment, test the derived propositions on the behavior of …

Persistent link: https://www.econbiz.de/10012140617

Asymmetric Price Adjustment in the Small

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

Analyses of a large retail scanner price data set reveal a new and surprising regularity – small price increases occur more frequently than small price decreases for price changes of up to 10¢. That is, we find asymmetric price adjustment “in the small.” Furthermore, it turns out that...

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

Pricing better

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

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

Asymmetric Price Adjustment "in the Small:" An Implication of Rational Inattention

Levy, Daniel; Chen, Haipeng (Allan); Ray, Sourav; … - 2004

Analyzing scanner price data that cover 27 product categories over an eight-year period from a large Mid-western supermarket chain, we uncover a surprising regularity in the data—small price increases occur more frequently than small price decreases. We find that this asymmetry holds for price...

Persistent link: https://www.econbiz.de/10013204746

Asymmetric Wholesale Pricing: Theory and Evidence

Ray, Sourav; Chen, Haipeng (Allan); Bergen, Mark; Levy, … - 2005

retailers’ revenue that result from correspondingly large retail price changes. We first present a formal economic model of a …

Persistent link: https://www.econbiz.de/10013204748

Retail Pricing Format and Rigidity of Regular Prices

Ray, Sourav; Snir, Avichai; Levy, Daniel - In: Economica (2023), pp. --

We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (i.e., pricing strategies). We use data from three large Canadian stores with different pricing formats (Every-Day-Low-Price, Hi-Lo, and Hybrid) that are located within a 1 km radius of each other....

Persistent link: https://www.econbiz.de/10014303298

Retail pricing format and rigidity of regular prices

Ray, Sourav; Snir, Avichai; Levy, Daniel C. - 2023

Persistent link: https://www.econbiz.de/10014388411

Asymmetric Price Adjustment in the Small

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

Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity'small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for the...

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

Asymmetric Price Adjustment in the Small

Chen, Haipeng (Allan) - 2012

Analyses of a large retail scanner price data set reveal a new and surprising regularity - small price increases occur more frequently than small price decreases for price changes of up to 10 cents. That is, we find asymmetric price adjustment quot;in the small.quot; Furthermore, it turns out...

Persistent link: https://www.econbiz.de/10012755037