Showing 1 - 10 of 6,348
Persistent link: https://www.econbiz.de/10012516921
This paper reports the results from a survey on price-setting behavior of a large random sample of Swedish firms …. Prices are found to adjust only infrequently; the median firm adjusts the price once a year. State-dependent pricing is found … research, four of the theories of price rigidity are ranked by the respondents among the top-five places in all three studies. …
Persistent link: https://www.econbiz.de/10011585079
The chemical fertilizer industry has made great contributions to China's food security. Existing studies mainly focus on evaluating fertilizer use efficiency at the farm level whereas little is known about the technical efficiency of Chinese firms producing fertilizer. Based on the Chinese...
Persistent link: https://www.econbiz.de/10013454240
model we apply it to optimal pricing policies. We use a large Austrian data set, which consists of the direct price …, regressing the proportion of attractive prices and, separately, the excess proportion of price changes at the beginning of a year … of price changes, the higher is the incidence of time- and state-regular adjustment. …
Persistent link: https://www.econbiz.de/10010260588
model we apply it to optimal pricing policies. We use a large Austrian data set, which consists of the direct price …, regressing the proportion of attractive prices and, separately, the excess proportion of price changes at the beginning of a year … of price changes, the higher is the incidence of time- and state-regular adjustment …
Persistent link: https://www.econbiz.de/10013317514
This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …
Persistent link: https://www.econbiz.de/10011379452
vehicle characteristics to present RD estimates of reserve price effects on auction outcomes. Our first set of results show … that, in line with the robust predictions of auction theory, an increase in reserve price decreases the number of bidders …, increases the likelihood the object remains unsold, and increases expected revenue conditional on sale. Reserve price effects …
Persistent link: https://www.econbiz.de/10008688876
digital goods and services in the consumer price index (CPI) basket. Then we discuss indirect channels related to automation … and cost reduction as well as competition and markup. We also review the rise of e-commerce and how it can affect price …
Persistent link: https://www.econbiz.de/10014392978
Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically … explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a …
Persistent link: https://www.econbiz.de/10011992354
latter, the add-on's effect on the base product's price will be ambiguous. Cross-subsidization between products to bait … uninformed consumers might lower, intrinsic utility from the add-on for informed consumers might raise the price. We study this …
Persistent link: https://www.econbiz.de/10013164228