In 2010, the garlic, bean and ginger became more expensive than ever, which made some people's life harder. In response to such phenomena, the retail price and wholesale price at the producers' end, the retail price and wholesale price at distributors' end, and consumption related data...

The typical model of retail pricing for produce products assumes retailers set price equal to the farm price plus a certain markup. However, observations from scanner data indicate a large degree of price dispersion in the grocery retailing market. In addition to markup pricing behavior, we...

The typical model of retail pricing for produce products assumes retailers set price equal to the farm price plus a certain markup. However, observations from scanner data indicate a large degree of price dispersion in the grocery retailing market. In addition to markup pricing behavior, we...

Fish is the cheapest animal protein source in Nigeria, and dry fish in particular has the potential to solve the pervasive protein shortage problem owing to its relative affordability compared with fresh fish. Boosting dry fish consumption will entail retail price reduction which is achievable...

Superstitious beliefs affect economic activity and may have noticeable economic impacts. In China, numbers often convey certain superstitious meanings. Retailers in China manipulate digital patterns on price tags to fit consumers’ superstitious preferences. In this paper, I analyze such...

Examining a state-dependent pricing model in the presence of menu costs and dynamic duopolistic interactions, this paper claims that the assumption regarding market structure is crucial for identifying the menu costs for price changes. Prices in a dynamic duopolistic market can be more rigid...