Similar Search Results

Price setting and price adjustment in some European Union countries: Introduction to the special issue

Levy, Daniel; Smets, Frank - 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10010336066

3 lessons from hyperinflationary periods

Bergen, Mark; Bergen, Thomas; Levy, Daniel C.; Semenov, Rose - 2022 - Revised: November 11, 2022

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because constant price changes can ultimately be very,...

Persistent link: https://www.econbiz.de/10013465228

'The Real Thing' : Nominal Price Rigidity of the Nickel Coke, 1886-1959

Levy, Daniel C.; Young, Andrew T. - 2010

We report that the price of a 6.5 ounce Coke was 5 cents 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...

Persistent link: https://www.econbiz.de/10014029366

Holiday price regidity and cost of price adjustment

Levy, Daniel; Müller, Georg; Chen, Haipeng (Allan); … - 2008

The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers' questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...

Persistent link: https://www.econbiz.de/10010336068

Pricing better

Ray, Sourav; Wang, Li; Levy, Daniel C.; Bergen, Mark - 2019

field experiment, we assess such impact of ESL by studying how it shapes retail pricing practices and outcomes. Our general … role in pricing. To the best of our knowledge, ours is the first study to explore and quantify how ESL interacts with … retail strategy to affect retail pricing practices and retail outcomes. …

Persistent link: https://www.econbiz.de/10012060927

Price setting and price adjustment in some European Union countries : introduction to the special issue

Levy, Daniel C. (contributor) - 2010 - Last rev.: February 11, 2010

Cost ; Managerial and Customer Cost of Price Adjustment ; Pricing ; Price System ; Price Setting ; New Keynesian Economics …

Persistent link: https://www.econbiz.de/10008771546

Price Setting and Price Adjustment in Some European Union Countries : Introduction to the Special Issue

Levy, Daniel C. - 2011

Persistent link: https://www.econbiz.de/10013123409

Price Setting and Price Adjustment in Some European Union Countries : Introduction to the Special Issue

Levy, Daniel C. - 2010

Persistent link: https://www.econbiz.de/10013134926

Price Rigidity and Flexibility : New Empirical Evidence

Levy, Daniel C. - 2010

The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...

Persistent link: https://www.econbiz.de/10014026220

Price Rigidity and Flexibility : Recent Theoretical Developments

Levy, Daniel C. - 2010

The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...

Persistent link: https://www.econbiz.de/10014026221