Price-setting and price-adjustment behavior for fast-moving consumer goods

Abstract: "In many economic models, it is assumed that prices adjust instantaneously to changes of economic conditions (e.g., to shocks in demand or production costs). Since the existence of price rigidities has been frequently documented, more realistic models require that infrequent and lumpy price adjustment have to be taken into account. There are still many unresolved issues in this area, both theoretically and empirically. In this paper, we show that the dynamics and dispersion of retail prices can be investigated using price data obtained from the GfK Consumer Panel for 1995. Our results document the importance of psychological pricing points for price setting, confirming results from many earlier studies. A new aspect of our analysis that has not been investigated in the literature is the relevance of psychological prices points for price adjustment and aggregation. We interpret our findings as suggestive evidence for the notion that rigidities are relevant for aggregate dynamics in

Angaben zum Objekt

• Weitere Titel: Preissetzungs- und Preisangleichungsverhalten für kurzlebige Konsumgüter
• Standort: Deutsche Nationalbibliothek Frankfurt am Main
• Umfang: Online-Ressource, 95-113 S.
• Sprache: Englisch
• Anmerkungen: Veröffentlichungsversion ; begutachtet ; In: Papastefanou, Georgios (Hg.), Schmidt, Peter (Hg.), Börsch-Supan, Axel (Hg.), Lüdtke, Hartmut (Hg.), Oltersdorf, Ulrich (Hg.): Social and economic research with consumer panel data : proceedings of the first ZUMA Symposium on Consumer Panel Data, 5 and 6 October 1999. 2001. S. 95-113. ISBN 3-924220-21-2

Verweise und Beziehungen

• Erschienen in: Social and economic research with consumer panel data : proceedings of the first ZUMA Symposium on Consumer Panel Data, 5 and 6 October 1999 ; Bd. 7 ; ZUMA-Nachrichten Spezial ; Bd. 7

Klassifikation und Themen

• Klassifikation: Wirtschaft

Beteiligte, Orts- und Zeitangaben

• Ereignis: Veröffentlichung
• (wo): Mannheim
• (wann): 2001
• Urheber: Fengler, Matthias ; Winter, Joachim
• Beteiligte Personen und Organisationen: Papastefanou, Georgios ; Schmidt, Peter ; Börsch-Supan, Axel ; Lüdtke, Hartmut ; Oltersdorf, Ulrich ; Zentrum für Umfragen, Methoden und Analysen -ZUMA-

Weitere Informationen

• URN: urn:nbn:de:0168-ssoar-49477-7
• Rechteinformation: Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Letzte Aktualisierung: 25.03.2025, 13:44 MEZ