We study the link between price points and price rigidity, using two datasets containing over 100 million observations. We find that (i) 9 is the most frequently used price-ending for the penny, dime, dollar and ten-dollar digits, (ii) 9-ending prices are between 24%-73% less likely to change in...

We offer new evidence on the link between price points and price rigidity using two datasets. One is a large weekly transaction price dataset, covering 29 product categories over an eight-year period from a large U.S. supermarket chain. The other is from the Internet, and includes daily prices...

Business-to-consumer online auctions form an important element in the portfolio of mercantile processes that facilitate electronic commerce activity. Much of traditional auction theory has focused on analyzing single-item auctions in isolation from the market context in which they take place. We...

We explore the problem of pricing and allocation of unique, one-time digital products in the form of data streams. We look at the short-term problem where the firm has a capacitated shared resource and multiple products or service levels. We formulate the allocatively efficient Generalized...

In this paper we investigate two parametric approaches and one non-parametric approach to estimating Internet users' value of time, an important characteristic of demand for Internet services. The advantages of these approaches are brought out, and the limitations are discussed. The models are...

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The rapid pace of technological innovation necessitates that information technology (IT) services firms continually invest in replenishing the skills of their key asset base, the human capital. We examine whether human capital investments directed toward employee training are effective in...

Combinatorial auctions--in which bidders can bid on combinations of goods--can increase the economic efficiency of a trade when goods have complementarities. Recent theoretical developments have lessened the computational complexity of these auctions, but the issue of cognitive complexity...