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 …

firms that use more working capital to increase their prices more, and that the pass-through is gradual because of price … rigidity. Using a unique dataset on firm-product-level price indices, I show that a one percentage point monetary policy shock … leads to a 6 percent increase in the firm's price and that the pass-through takes about 4 months. The pass-through in the …

If producers have more information than consumers about goods' attributes, then they may use non-price (rather than … price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study … a situation where producers adjust the quantity per package rather than the price in response to changes in market …

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 …

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 …

In this paper we argue that pricing is all about price changes, and that the costs of price changes are often … incorporates customer interpretations of price changes, an awareness of the organizational costs of price changes, investments in … future pricing processes, and an understanding of the role that supply chains play in price change strategy. The framework …

). These technologies enable first-degree price discrimination: firms charge different prices to different consumers, based on …, despite the threat of first degree price discrimination, personalized pricing with competing firms can lead to an overall …

Prices that end with 9, also known as psychological price points, are common, comprising about 70% of the retail prices … price ending that has the same effects as 9-endings. In January 2014, the Israeli government passed a new regulation …. Thus, 90-ending prices became the new psychological price points, partially eliminating the regulation's intended effect …

This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …