Price setting in a leading Swiss online supermarket
Martin Berka,
Michael Devereux and
Thomas Rudolph
No 83, Globalization Institute Working Papers from Federal Reserve Bank of Dallas
Abstract:
We study a newly released data set of scanner prices for food products in a large Swiss online supermarket. We find that average prices change about every two months, but when we exclude temporary sales, prices are extremely sticky, changing on average once every three years. Non-sale price behavior is broadly consistent with menu cost models of sticky prices. When we focus specifically on the behavior of sale prices, however, we find that the characteristics of price adjustment seems to be substantially at odds with standard theory.
Keywords: Pricing; Profit (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-agr, nep-bec, nep-cba, nep-com, nep-hme, nep-ind and nep-mkt
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Citations: View citations in EconPapers (6)
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Working Paper: Price setting in a leading Swiss online supermarket (2011)
Working Paper: Price Setting in a Leading Swiss Online Supermarket (2011)
Working Paper: Price setting in a leading Swiss online supermarket (2011)
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