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 …

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

Macroeconomic models often generate nominal price rigidity via menu costs. This paper provides empirical evidence that … facts: (1) price points, embodied in nine-ending prices, account for approximately two-thirds of prices; and (2) at the … that nests roles for menu costs and price points and estimate model variants. Excluding the two facts yields a …

Macroeconomic models often generate nominal price rigidity via menu costs. This paper provides empirical evidence that … empirical facts: (1) price points, embodied in nine-ending prices, account for more than 60 percent of prices; (2) at the … nests roles for menu costs and price points and estimate model variants via simulated method of moments. Excluding the two …

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 …

- because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price …

price adjustment suggesting that pricing models should explicitly incorporate price setting at different production stages …This paper offers new insights on the price setting behaviour of German retail firms using a novel dataset that …' prices to several other firm-characteristics. Moreover, information on price expectations allow analyzing the determinants of …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …