Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies … in material, labor and managerial costs. The presumed benefits of ESL, for example, tend to be focused around lower price … adjustment costs (PAC), also known as menu costs. However, ESL not only can save PAC but may also enable the retailer to price …

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 …

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 …

? 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 …

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 …

"posted" price for the arriving consumer but privately commits to change price infrequently. Note such pricing may …

In this paper we develop an analytical model that characterizes the structure of price dispersion observed in … price dispersion may actually increase if search costs falls, challenging the common belief that price dispersion decreases … as search costs fall. We derive multiple price dispersion equilibria, with differing levels of welfare implications …

combine these data with two “generated” regular price series and study their rigidity. Regular-price rigidity varies with … store-formats because different format stores define regular-prices differently. Correspondingly, the meaning of price …