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Markups as a hedge for input price uncertainty: evidence from Sweden
Agrawal, Sneha; Gaurav, Abhishek; Suveg, Melinda - 2021
factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile … prices set higher markups. We use the Bartik shift-share approach to empirically test whether firms which use more oil … relative to other inputs set higher markups when oil prices are more volatile. Our estimates imply that a one standard …
Persistent link: https://www.econbiz.de/10012695355
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Retail pricing format and rigidity of regular prices
Ray, Sourav; Snir, Avichai; Levy, Daniel C. - 2023 - Revised: April 29, 2023
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/10014308231
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If you think 9-ending prices are low, think again
Snir, Avichai; Levy, Daniel C. - 2019
9-ending prices are a dominant feature of many retail settings, which according to the existing literature, is because consumers perceive them as being relatively low. Are 9-ending prices really lower than comparable non 9-ending prices? Surprisingly, the empirical evidence on this question is...
Persistent link: https://www.econbiz.de/10012021588
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Algorithmic Pricing and Consumer Sensitivity to Price Variability
Aparicio, Diego; Eckles, Dean; Kumar, Madhav - 2023
Artificial Intelligence (AI) automates human decisions. Algorithmic pricing, a form of AI, sets prices by a computer. It is now common currency in ride-hailing, travel, drugs, gasoline, online goods---And great price variability characterizes all those settings. However, little is known about...
Persistent link: https://www.econbiz.de/10014344646
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High-frequency groceries prices : evidence from Czechia
Pavlovova, Anna - 2023
disaggregation of the products into individual categories and even in the estimation of the within-between model of the probability …
Persistent link: https://www.econbiz.de/10014424235
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Asset price volatility, price markups, and macroeconomic fluctuations
Iraola, Miguel A.; Santos Santos, Manuel - In: Journal of monetary economics 90 (2017), pp. 84-98
Persistent link: https://www.econbiz.de/10011799232
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Stagflationary stock returns
Knox, Ben; Timmer, Yannick - 2024 - This version: July 16, 2024
We study investors' perceptions of inflation through the lens of a high-frequency event study and document that they have a stagflationary view of the world. In response to higher-than-expected inflation, investors expect firms' nominal cash flows to remain stagnant while discount rates...
Persistent link: https://www.econbiz.de/10014632362
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Rumors of Mergers and Acquisitions : Market Efficiency and Markup Pricing
Chou, Hsin-I - 2011
Rumors can be classified into two types, according to whether they can credibly predict impending events or not. The analysis of takeover rumors of publically traded US companies from 1990 to 2008 shows that these two types of rumors can be statistically distinguished by returns of rumored...
Persistent link: https://www.econbiz.de/10013133068
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Rumors of Mergers and Acquisitions : Market Efficiency and Markup Pricing
Chou, Hsin-I - 2016
Rumors can be classified into two types, according to whether they can credibly predict impending events or not. The analysis of takeover rumors of publicly traded US companies from 1990 to 2008 shows that these two types of rumors can be statistically distinguished by returns of rumored...
Persistent link: https://www.econbiz.de/10013008690
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Market Power and Price Informativeness
Kacperczyk, Marcin T. - 2020
functioning and efficiency of financial markets. In this paper, we develop a general equilibrium theory to study the …
Persistent link: https://www.econbiz.de/10012852713