Similar Search Results

Price Rigidity and Flexibility: Recent Theoretical Developments. Introduction to the Special Issue

Levy, Daniel - 2006

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/10013204754

Retail Pricing Format and Rigidity of Regular Prices

Ray, Sourav; Snir, Avichai; Levy, Daniel - In: Economica (2023), pp. --

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/10014303298

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

Levy, Daniel; Smets, Frank - 2010

European Central Bank's Inflation Persistence Network. …

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

Price Rigidity and Flexibility: Recent Theoretical Developments - Introduction to the Special Issue

Levy, Daniel - In: Managerial and Decision Economics 28 (2007) 6 (Special Issue - Price Rigidity and Flexibility: Recent Theoretical Developments), pp. 523-530

Persistent link: https://www.econbiz.de/10012140549

Price Rigidity and Flexibility: New Empirical Evidence - Introduction to the Special Issue

Levy, Daniel - In: Managerial and Decision Economics 28 (2007) 7 (Special Issue: Price Rigidity and Flexibility: New Empirical Evidence), pp. 639-647

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 that ability lies behind the magical...

Persistent link: https://www.econbiz.de/10012140550

Price Setting and Price Adjustment in Some European Union Countries

Levy, Daniel; Smets, Frank - In: Managerial and Decision Economics 31 (2010) 2‐3 (Special Issue: Price Setting and Price Adjustment in Some European Union Countries), pp. 63-66

European Central Bank's Inflation Persistence Network. …

Persistent link: https://www.econbiz.de/10012140552

3 Lessons from Hyperinflationary Periods

Bergen, Mark; Bergen, Thomas; Levy, Daniel; Semenov, Rose - In: Harvard Business Review (2022) Forthcoming

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation …

Persistent link: https://www.econbiz.de/10013457198

Asymmetric Price Adjustment in the Small

Chen, Haipeng (Allan); Levy, Daniel; Ray, Sourav; … - In: Journal of Monetary Economics 55 (2008) 4, pp. 728-737

the small.” Furthermore, it turns out that inflation offers only a partial explanation for the finding. Indeed …, substantial proportion of the asymmetry remains unexplained, even after accounting for the inflation. For example, the asymmetry … holds also after excluding periods of inflation from the data, and even for products whose price had not increased. The …

Persistent link: https://www.econbiz.de/10012140646

Periodic Properties of Interpolated Time Series

Dezhbakhsh, Hashem; Levy, Daniel - In: Economics Letters 44 (1994) 3, pp. 221-228

Although linearly interpolated series are often used in economics, little has been done to examine the effects of interpolation on time-series properties and on statistical inference. We show that linear interpolation of a trend stationary series superimposes a ‘periodic’ structure on the...

Persistent link: https://www.econbiz.de/10012140511

End of 9-Endings and Price Perceptions

Chen, Haipeng (Allan); Levy, Daniel; Snir, Avichai - 2017

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 January 2014, the Israeli parliament has passed a law prohibiting the use of non 0-ending prices. We find that one year after 9-ending prices have disappeared,...

Persistent link: https://www.econbiz.de/10011587509