Arbeitspapier
End of 9-endings and price perceptions
We take advantage of a natural experiment to document an emergence of a new price ending that has the same effects as 9-endings. In January 2014, the Israeli parliament has passed a law prohibiting the use of non 0-ending prices. We find that one year after 9-ending prices have disappeared, 90-ending prices acquired the same status as 9-ending prices had before the law was passed. 90-ending prices became the new psychological price points. The retailers and the shoppers both reacted to the regulatory intervention optimally, which has eliminated the regulation's intended effect.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2017-02
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Regulation and Business Law: General
- Subject
-
9-ending prices
psychological price points
sticky prices
rigid prices
price recall
price control
price regulation
integer constraint
- Event
-
Geistige Schöpfung
- (who)
-
Chen, Haipeng
Levy, Daniel C.
Snir, Avichai
- Event
-
Veröffentlichung
- (who)
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Bar-Ilan University, Department of Economics
- (where)
-
Ramat-Gan
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Chen, Haipeng
- Levy, Daniel C.
- Snir, Avichai
- Bar-Ilan University, Department of Economics
Time of origin
- 2017
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