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Pricing policy and cost behavior in the hospital industry

Kaitz, Edward M. - 1968

Persistent link: https://www.econbiz.de/10002201691

Fuse Brown, Erin C. - 2014

Hospital prices are almost completely irrational. They bear no relationship to the cost of providing the services, they … are opaque, and the prices vary wildly among hospitals and payers. The craziness of hospital pricing was laid bare when … the federal government released data on hospital charges in May 2013. In response to public shock and outrage, hospitals …

Persistent link: https://www.econbiz.de/10014149350

Retail pricing format and rigidity of regular prices

Ray, Sourav; Snir, Avichai; Levy, Daniel C. - 2023 - Revised: April 29, 2023

We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (i.e., pricing strategies). We use data from three large Canadian stores with different pricing formats (Every-Day-Low-Price, Hi-Lo, and Hybrid) that are located within a 1 km radius of each other....

Persistent link: https://www.econbiz.de/10014308231

Shrinking Goods and Sticky Prices : Theory and Evidence

Snir, Avichai; Levy, Daniel C. - 2011

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 remain sticky. We study a situation where producers adjust the quantity (per...

Persistent link: https://www.econbiz.de/10014043851

Delegating Pricing Power to Customers : Pay What You Want or Name Your Own Price?

Krämer, Marius-Florentin - 2017

Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer-driven pricing mechanisms that give customers (some) pricing power. Both have been used in service industries with high fixed costs to price discriminate without setting a reference price. Their participatory and innovative...

Persistent link: https://www.econbiz.de/10012971780

Structural Models of Demand to Study Consistent Pricing During Sales Promotions

Meza, Sergio - 2010

Marketing researchers have traditionally modeled sales promotions by introducing a sales promotion dummy variable (sometimes accompanied by its interaction with prices) in the indirect utility specification. This approach has been useful in reproducing consumers' response to sales promotions but...

Persistent link: https://www.econbiz.de/10013138938

Intertemporal Price Discrimination in Consumer Packaged Goods

Mansley, Ryan - 2022

Temporary price promotions, or sales, are common in many markets. Using retail scanner data, I find that manufacturers, not retailers, control the timing of sales, while retailers exercise some control over the magnitude of the price decrease. I also find that observed sale policy is more...

Persistent link: https://www.econbiz.de/10014235571

Delegating pricing power to customers : pay what you want or name your own price?

Krämer, Marius-Florentin; Schmidt, Klaus M.; Spann, Martin - 2015

Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customerdriven pricing mechanisms that give customers (some) pricing power. Both have been used in service industries with high fixed capacity costs in order to appeal to additional customers by reducing prices without setting a...

Persistent link: https://www.econbiz.de/10010530590

End of 9-endings, price recall, and price perceptions

Snir, Avichai; Levy, Daniel C.; Chen, Haipeng - 2017 - Last revision: April 2, 2017

Prices that end with 9, also known as psychological price points, are common, comprising about 70% of the retail prices. They are also more rigid than other prices. We take advantage of a natural experiment to document an emergence of a new price ending that has the same effects as 9-endings. In...

Persistent link: https://www.econbiz.de/10011642585

Delegating pricing power to customers : pay what you want or name your own price?

Krämer, Marius-Florentin; Schmidt, Klaus M.; Spann, Martin - 2017

Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer driven pricing mechanisms that give customers (some) pricing power. Both have been used in service industries with high fixed costs to price discriminate without setting a reference price. Their participatory and innovative...

Persistent link: https://www.econbiz.de/10011591510