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We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: "9" is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at "9";...
Persistent link: https://www.econbiz.de/10008771547
We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: 9 is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at 9; 9-ending...
Persistent link: https://www.econbiz.de/10010336023
We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: “9” is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at...
Persistent link: https://www.econbiz.de/10012940426
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...
Persistent link: https://www.econbiz.de/10014047133
We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: “9” is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at...
Persistent link: https://www.econbiz.de/10014044333
Price rigidity involves prices that do not change with the regularity predicted by standard economic theory, and is of long-standing interest to firms and industries, and relates to the economy as a whole. As information technology (IT) changes the processes by which strategic pricing decisions...
Persistent link: https://www.econbiz.de/10014210596