Retail pricing format and rigidity of regular prices

Datos Bibliográficos

ID9725432
AutoresSourav Ray (0000-0001-9638-1773, University of Guelph), Avichai Snir (0000-0002-0957-2668, Bar-Ilan University), Daniel Levy (0000-0003-1843-8724, Bar‐Ilan University, Emory University, ISET at Tbilisi State University, ICEA, and RCEA, autor de correspondencia)
Año2023
Volumen90
Número360
Páginas1173-1203
Fecha de publicación2023-10-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomica (JOURNAL)
Identificadores de la revistaISSN: 0013-0427 • E-ISSN: 1468-0335
EditorialWiley (PUBLISHER • GB)
DOI10.1111/ecca.12492
OpenAlexW3214929103
IdiomaEN
Referencias citadas72

We study the 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. Our data contain both the actual transaction prices and actual regular prices as displayed on the store shelves. We combine these data with two ‘generated’ regular price series (filtered prices and reference prices) and study their rigidity. Regular price rigidity varies with store formats because different format stores treat sale prices differently, and consequently define regular prices differently. Correspondingly, the meanings of price cuts and sale prices vary across store formats. To interpret the findings, we consider the store pricing format distribution across the USA and Canada

Business · Database · Database transaction · Econometrics · Economics · Microeconomics · Rigidity (electromagnetism) · Transaction data · Computer Science · Consumer Market Behavior and Pricing · Economics of Agriculture and Food Markets · Merger and Competition Analysis