Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices …, particularly an infinite mixture of Calvo pricing rules and truncation at specific horizons. Truncation is mainly a characteristic … of pricing in the service sector where it mostly takes the form of annual Taylor contracts typically renewed at the end …

Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices …, particularly an infinite mixture of Calvo pricing rules and truncation at specific horizons. Truncation is mainly a characteristic … of pricing in the service sector where it mostly takes the form of annual Taylor contracts typically renewed at the end …

Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices …, particularly an infinite mixture of Calvo pricing rules and truncation at specific horizons. Truncation is mainly a characteristic … of pricing in the service sector where it mostly takes the form of annual Taylor contracts typically renewed at the end …

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 …

, and that this signal interferes with price information processing. Consequently, consumers are less likely to notice a … bigger price when it ends with 9, or a price increase when the new price ends with 9, in comparison to a situation where the … prices more often after price increases than after price decreases. 9-ending prices, therefore, usually increase only if the …

We investigate asymmetric price responses by considering a unique, highly disaggregate retailer- and product-level time … pervasive chain wide asymmetric pricing strategy. To explain product level variation, we borrow from both economic and marketing …

uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the … promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with … size of promotions. The sale price (i.e., the price paid by consumer purchasing on "sale") increased by 7% within two weeks …

even when they offer little transaction convenience. We corroborate these findings with two large retail scanner price … prices have a positive effect on demand. Ruling out consumer antagonism and retailers' use of heuristics in pricing, we …

? 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 …

? 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 …