Showing 1 - 10 of 12,559
Prices that end with 9, also known as psychological price points, are common, comprising about 70% of the retail prices … price ending that has the same effects as 9-endings. In January 2014, the Israeli government passed a new regulation …. Thus, 90-ending prices became the new psychological price points, partially eliminating the regulation's intended effect. …
Persistent link: https://www.econbiz.de/10011642585
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than … price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We … study a situation where producers adjust the quantity (per package) rather than the price in response to changes in market …
Persistent link: https://www.econbiz.de/10008934102
? Surprisingly, the empirical evidence on this question is scarce. We use 8 years of weekly scanner price data with over 98 million … price observations to document four findings. First, at the category level, 9-ending prices are usually higher, on average …' attention to particularly large price cuts during sales, which perhaps conditions the shoppers to associate 9-ending prices with …
Persistent link: https://www.econbiz.de/10012021588
If producers have more information than consumers about goods' attributes, then they may use non-price (rather than … price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study … a situation where producers adjust the quantity per package rather than the price in response to changes in market …
Persistent link: https://www.econbiz.de/10011525750
Prices that end with 9, also known as psychological price points, are common, comprising about 70% of the retail prices … price ending that has the same effects as 9-endings. In January 2014, the Israeli government passed a new regulation …. Thus, 90-ending prices became the new psychological price points, partially eliminating the regulation's intended effect …
Persistent link: https://www.econbiz.de/10012902071
We take advantage of a natural experiment to document an emergence of a new price ending that has the same effects as 9 … law was passed. 90-ending prices became the new psychological price points. The retailers and the shoppers both reacted to …
Persistent link: https://www.econbiz.de/10011590613
We take advantage of a natural experiment to document an emergence of a new price ending that has the same effects as 9 … law was passed. 90-ending prices became the new psychological price points. The retailers and the shoppers both reacted to …
Persistent link: https://www.econbiz.de/10011588461
price at which the same good trades in the same period and in the same market is due to the fact that stores that are, on … average, equally expensive set persistently different prices for the same good. We refer to this phenomenon as relative price … dispersion. We argue that relative price dispersion stems from sellers' attempts to discriminate between high-valuation buyers …
Persistent link: https://www.econbiz.de/10013000694
-sectional variation in the price at which the same good trades in the same period and in the same market is due to the fact that stores … relative price dispersion. We argue that relative price dispersion stems from sellers’ attempts to discriminate between high … different items from different stores. We calibrate our theory and show that it is not only consistent with the extent and …
Persistent link: https://www.econbiz.de/10012855672
price at which the same good trades in the same period and in the same market is due to the fact that stores that are, on … average, equally expensive set persistently different prices for the same good. We refer to this phenomenon as relative price … dispersion. We argue that relative price dispersion stems from sellers' attempts to discriminate between high-valuation buyers …
Persistent link: https://www.econbiz.de/10012996748