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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2017-02
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Regulation and Business Law: General
- Thema
-
9-ending prices
psychological price points
sticky prices
rigid prices
price recall
price control
price regulation
integer constraint
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Chen, Haipeng
Levy, Daniel C.
Snir, Avichai
- Ereignis
-
Veröffentlichung
- (wer)
-
Bar-Ilan University, Department of Economics
- (wo)
-
Ramat-Gan
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Chen, Haipeng
- Levy, Daniel C.
- Snir, Avichai
- Bar-Ilan University, Department of Economics
Entstanden
- 2017
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