Price setting in the euro area: some stylized facts from individual consumer price data
This paper documents patterns of price setting at the retail level in the euro area,
summarized in six stylized facts. First, the average euro area monthly frequency of price …
summarized in six stylized facts. First, the average euro area monthly frequency of price …
Price points and price rigidity
We study the link between price points and price rigidity using two data sets: weekly scanner
data and Internet data. We find that “9” is the most frequent ending for the penny, dime …
data and Internet data. We find that “9” is the most frequent ending for the penny, dime …
Holiday price rigidity and cost of price adjustment
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 …
higher store traffic, tasks, such as restocking shelves, handling customers' questions and …
Not all price endings are created equal: Price points and asymmetric price rigidity
We document an asymmetry in the rigidity of 9-ending prices relative to non-9-ending prices.
Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price …
Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price …
[PDF][PDF] Inflation persistence in the euro area: Preliminary summary of findings
This report presents results from a research project developed by the European Central
Bank and the 12 National Central Banks of the Eurosystem on the persistence of inflation in …
Bank and the 12 National Central Banks of the Eurosystem on the persistence of inflation in …
The frequency and costs of individual price adjustment
AL Wolman - Managerial and Decision Economics, 2007 - Wiley Online Library
How often do the nominal prices of individual goods change? What is the nature of costs of
price adjustment? How big are these costs? Answering these questions may be important …
price adjustment? How big are these costs? Answering these questions may be important …
If you think 9-ending prices are low, think again
A Snir, D Levy - Journal of the Association for Consumer …, 2021 - journals.uchicago.edu
The 9-ending prices, which comprise between 40% and 95% of retail prices, are popular
because shoppers perceive them as being low. We study whether this belief is justified …
because shoppers perceive them as being low. We study whether this belief is justified …
Image effects and rational inattention in Internet-based selling
The frequency of occurrence of certain price points in Internet-based selling is investigated
in order to determine what drives the observed regularities and variations. Theories based …
in order to determine what drives the observed regularities and variations. Theories based …
Penny wise and pound foolish? How thinking style affects price cognition
Nine-ending pricing is a common marketing technique because of the traditional belief that
consumers pay more attention to the dollar digits and less attention to the penny digits. This …
consumers pay more attention to the dollar digits and less attention to the penny digits. This …
Displays, sales, and in-store search in retail markets
ML Gentry - Available at SSRN 2050620, 2012 - papers.ssrn.com
This paper develops and estimates a structural model of differentiated-products demand in
an environment with in-store displays and costly consumer price search. This investigation is …
an environment with in-store displays and costly consumer price search. This investigation is …