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 … regular prices as displayed on the store shelves. We combine these data with two “generated” regular price series (filtered …

In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price … assumption: price adjustment is more likely when it is more valuable. The constant probability model (Calvo 1983) and the fixed … dependence. The fixed menu cost model is inconsistent with the evidence both because it never generates small price adjustments …

dispersion of price changes in eight retail chains in Mexico, and compare them with price statistics stemming from brick and …) change more frequently than those observed on websites (online). However, given a price change, online prices tend to exhibit … larger price changes than their offline counterparts. In 2020, period affected by the pandemic, the above relationship across …

higher online spending share is associated with higher price flexibility, smaller price changes, less prevalent sales, and … lower price dispersion within narrow categories of goods. I conjecture that online shopping makes it easier for consumers to …

We empirically study the price adjustment process at multiproduct retail stores. We use a unique store level data set … during the price change process. We also discuss various aspects of the microeconomic environment in which the price … adjustment decisions are made, factors affecting the price adjustment decisions, and firm-level implications of price adjustment …

. Retail stores synchronize price changes around occasional "peak" days when they reprice around 10% of their products. To … assess aggregate implications of partial price synchronization, we develop a new model in which multi-product firms face … economies of scope in price adjustment, and synchronization is endogenous. Synchronization of price changes attenuates the …

In recent years there has been a large increase in the empirical literature on price behavior. As new and detailed data … sets become available, we observe a number of important studies on the microeconomic fundamentals of price setting by firms … and supermarkets across Uruguay to analyze stylized facts about consumer price behavior. Our findings are as follows …