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experiences a higher competitive pressure on price since low-quality consumers are more price sensitive and switch more easily to … consumers are less likely to switch to the low-quality product. …
Persistent link: https://www.econbiz.de/10012582128
Using weekly retail transaction scanner price data from a large U.S supermarket chain, we find significantly higher retail price rigidity for private label products than for nationally branded products during the Christmas and Thanksgiving holiday periods relative to the rest of the year. The...
Persistent link: https://www.econbiz.de/10013204747
Asymmetric pricing is the phenomenon where prices rise more readily than they fall. We articulate, and provide empirical support for, a theory of asymmetric pricing in wholesale prices. In particular, we show how wholesale prices may be asymmetric in the small but symmetric in the large, when...
Persistent link: https://www.econbiz.de/10013204748
The fact that organizations find it hard to change in response to shocks in the environment is a crucial feature of the economy. Yet we know little about why it is so difficult for organizations to adjust, and where these limitations come from. In an effort to discover some of these reasons we...
Persistent link: https://www.econbiz.de/10013204755
There has been increasing interest in understanding how firms undertake non-price adjustment activities, especially in situations where prices may be rigid despite changes in market conditions. Using scanner price data for over 4,500 different food products from a large US supermarket chain, we...
Persistent link: https://www.econbiz.de/10013204756
includes a share of the consumers in the market around one of the firms. Data are never sold exclusively. Despite the data are … to its competitors. Such market outcome is not socially optimal, and a regulator that aims to maximise consumers and …
Persistent link: https://www.econbiz.de/10013461503
We thank three anonymous referees for thoughtful comments and suggestions which we found very constructive and helpful. We are particularly grateful to the editor, Al Klevorick, for his advice and painstaking guidance through the multiple revision process. We thank Robert Barsky, Susanto Basu,...
Persistent link: https://www.econbiz.de/10010336017
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than … conditions. Although consumers should be indifferent between equivalent changes in goods' prices and quantities, empirical … evidence suggests that consumers often respond differently to price changes and equivalent quantity changes. We offer a …
Persistent link: https://www.econbiz.de/10010435128
pricing but also alters firms’ strategic incentives. We show that exclusive access to a list of consumers can provide … lists of consumers, exclusive data availability intensifies market competition. …
Persistent link: https://www.econbiz.de/10012141054
Persistent link: https://www.econbiz.de/10010309292