Retail Pricing Format and Rigidity of Regular Prices

Benchmarking Retail Productivity Considering Retail Pricing and Format Strategy

With increased competitive pressures in the grocery retailing industry, managers have greater interest in measuring the productivity of the stores of their own chain relative to the other similar stores. In this paper, we measure and compare the inefficiencies of major grocery retailers across various formats and pricing strategies using stochastic frontier (SF) methodology. Using a unique data...

Price Transparency and Retail Prices

Price transparency initiatives are typically undertaken by third parties to ensure that consumers can compare the prices of competing offers in markets where obtaining such information is costly. Such practices have recently become widespread, yet it is unclear whether the increased price competition due to lower search costs overcomes the potential for collusion between competitors due to lowe...

Regular prices and sales

House Price Rigidity and the Asymmetric Response of Housing Prices to Monetary Policy in Iran

This paper examines downward price rigidity in Iranian house market and discusses whether this characteristic would result in an asymmetric relationship between house price and monetary policy. To test the downward house price rigidity the threshold GARCH model is employed. The asymmetric adjustment to monetary policy is examined using the asymmetric cointegration and error correction models. T...

Odd Prices at Retail Gasoline Stations: Focal Point Pricing and Tacit Collusion

This study empirically investigates the theory that odd numbered pricing points can be used as focal points to facilitate tacit collusion. Odd ending prices are heavily used in many retail markets. While the demand e ects of odd pricing points are commonly studied, their potential role in the coordination of prices is rarely discussed. I show that gasoline stations in the U.S. disproportionatel...