Levy, Daniel; Lee, Dongwon; Chen, Haipeng; Kauffman, Robert - Department of Economics, Emory University - 2008
We study the link between price points and price rigidity, using two datasets containing over 100 million observations. We find that (i) 9 is the most frequently used price-ending for the penny, dime, dollar and ten-dollar digits, (ii) 9-ending prices are between 24%-73% less likely to change in...