How Do Retailers Adjust Prices?: Evidence From Store-Level Data

Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:How Do Retailers Adjust Prices?: Evidence From Store-Level DataISBN13:9781502365521ISBN10:1502365529Author:Federal Trade Commission (Author)Description:(This is a RePrint) - Recent Theoretical Work On Retail Pricing Dynamics Suggests That Retailers Frequently Change Prices Of Specific Items, Even When Their Costs Are Unchanged We Extend This Theory To Explain Which Particular Retail Items Will Be Subject To Periodic Temporary Reductions We Then Make Use Of A Bls Data Set On Retail Prices To Document The Frequency Of Sales And The Specific Products Chosen For These Temporary Reductions Across A Wide Range Of Goods And Geographic Areas The Results Suggest That A Number Of Pricing Regularities Exist For All 20 Categories Of Goods We Examine First, Retailers Seem To Have A Regular Price, And Most Deviations From That Price Are Downward Second, There Is Considerable Heterogeneity In Sale Behavior Across Goods In A Category (E G Cereal); Within Each Category Of Goods, The Same Items Are Regularly Put On Sale, While Other Items Are Rarely, If Ever, Put On Sale Third, The Probability Of A Sale On An Item Appears To Be Greater When Demand For That Item Is Highest Fourth, For The Limited Number Of Items For Which We Know Category Market Shares, There Is A Statistically Significant Positive Relationship Between The Likelihood A Product Is On Sale, And Its Market Share Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2014-09-14Weight:0.31 lbsDimensions:0.1'' H x 11.02'' L x 8.5'' WNumber of Pages:50Language:English

Price: 16.37 USD

Location: USA

End Time: 2025-01-28T12:25:31.000Z

Shipping Cost: 0 USD