Retail Pricing Format and Rigidity of Regular Prices

Artikel

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) that are located within a 1 km radius of each other. Our data contains both the actual transaction prices and actual regular prices as displayed on the store shelves. We combine these data with two “generated” regular price series (filtered prices and reference prices) and study their rigidity. Regular price rigidity varies with store formats because different format stores treat sale prices differently, and consequently define regular prices differently. Correspondingly, the meanings of price cuts and sale prices vary across store formats. To interpret the findings, we consider the store pricing format distribution across the US.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Economica ; ISSN: 1468-0335 ; Year: 2023 ; Pages: -- ; Hoboken, NJ: Wiley

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Price Level; Inflation; Deflation ; Monetary Policy ; Firm Behavior: Empirical Analysis ; Market Structure, Pricing, and Design: General ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices ; Marketing and Advertising: General ; Marketing
• Thema: Price Rigidity ; Sticky Prices ; Regular Prices ; Sale Prices ; Filtered Prices ; Reference Prices ; Temporary Price Changes ; Transaction Prices ; Price Cuts ; Pricing Format ; Pricing Strategy ; Every-Day-Low-Price (EDLP) ; Hi-Lo ; Hybrid

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ray, Sourav ; Snir, Avichai ; Levy, Daniel
• Ereignis: Veröffentlichung
• (wer): Wiley ; ZBW - Leibniz Information Centre for Economics
• (wo): Hoboken, NJ
• (wann): 2023

Weitere Informationen

• Handle: http://hdl.handle.net/10419/272923
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ