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 … meanings of price cuts and sale prices vary across store formats. To interpret the findings, we consider the store pricing …

? 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 …

"posted" price for the arriving consumer but privately commits to change price infrequently. Note such pricing may … conspicuously implement personalized pricing because of concerns about consumer and regulatory reprisals. This paper proposes and … applies a method which disguises personalized pricing as dynamic pricing. Specifically, a firm can sometimes tailor the …

from three large stores with different pricing-formats (EDLP/Hi-Lo/Hybrid) that are located within 1-km radius. Importantly …We study different notions of sale and regular prices, and their variability with store pricing-formats. We use data … combine these data with two “generated” regular price series and study their rigidity. Regular-price rigidity varies with …

of price adjustment, informational frictions, etc. - are an important factor for nominal price rigidity at the micro … consistent with New Keynesian macroeconomic models in which firms have heterogeneous price stickiness …

noticing higher prices if they are 9-ending, or noticing price-increases if the new prices are 9-ending, because 9-endings are … used as a signal for low prices. Price setters respond strategically to the consumer-heuristic by setting 9-ending prices … more often after price-increases than after price-decreases. 9-ending prices, therefore, remain 9-ending more often after …

2020 and April 2021. There are substantial differences in pricing among the four retailers. The mean number of all price … of price change. An in-depth analysis of temporary price adjustments is crucial to robustly assess pricing and price …How often do online retailers change prices? Are there any differences in their price rigity? I collected and analysed …