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Shattering the Myth of Costless Price Changes: Emerging Perspectives on Dynamic Pricing
Bergen, Mark; Ritson, Mark; Dutta, Shantanu; Levy, Daniel; … - EconWPA - 2005
In this paper we argue that pricing is all about price changes, and that the costs of price changes are often simultaneously subtle and substantial. We discuss a framework to deal with the dynamics of changing prices. This framework incorporates customer interpretations of price changes, an...
Persistent link: https://www.econbiz.de/10005556152
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Policy Note on Belarus Hospital Optimization
World Bank Group - 2020
Analytics (ASA) was to help the government in developing an understanding of the vision on hospital optimization for 2021 … epidemiological profile of Belarus, its burden of diseases, organization of hospital service delivery, and utilization of these … options for changes in the organization and delivery of hospital services, based on the discussions and issues raised in the …
Persistent link: https://www.econbiz.de/10012497494
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Rockets and feathers revisited: an international comparison on European gasoline markets
Galeotti, M.; Lanza, A.; Manera, M. - Centro Ricerche Nord Sud (CRENoS) - 2001
This paper re-examines the issue of asymmetries in the transmission of shocks to crude oil prices onto the retail price of gasoline. Relative to the previous literature, the distinguishing features of the present paper are - i) use of updated and comparable data to carry out an international...
Persistent link: https://www.econbiz.de/10005056608
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Temporal Aggregation in Repeated Sales
Sommervoll, Dag Einar - 2006
Over the years, repeated sales models have come to wide and even commercial use. However, considering the subset of dwellings sold twice entail several challenges. Small sample problems constitute a special concern in repeated sales models, since sample sizes tend to be smaller than hedonic...
Persistent link: https://www.econbiz.de/10012780361
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"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959
Levy, Daniel; Young, Andrew - EconWPA - 2004
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...
Persistent link: https://www.econbiz.de/10005412575
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Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.
Persistent link: https://www.econbiz.de/10011107663
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Shrinking Goods
Levy, Daniel; Snir, Avichai - Deutsche Zentralbibliothek für … - 2013
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study a situation where producers adjust the quantity per...
Persistent link: https://www.econbiz.de/10011093856
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How social comparison influences reference price formation in a service context
Viglia, Giampaolo; Abrate, Graziano - In: Journal of Economic Psychology 45 (2014) C, pp. 168-180
What is the influence on reference price when the source of price information is anonymous versus social? This article investigates the formation of reference prices given an observed sequence of past prices in a service context. An experimental study suggests that, considering the same price...
Persistent link: https://www.econbiz.de/10011117235