Retail Pricing Format and Rigidity of Regular Prices
Sourav Ray,
Avichai Snir and
Daniel Levy ()
Papers from arXiv.org
Abstract:
We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (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 contains 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 US.
Date: 2023-06
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Citations: View citations in EconPapers (4)
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http://arxiv.org/pdf/2306.17309 Latest version (application/pdf)
Related works:
Journal Article: Retail pricing format and rigidity of regular prices (2023) 
Journal Article: Retail Pricing Format and Rigidity of Regular Prices (2023) 
Working Paper: Retail Pricing Format and Rigidity of Regular Prices (2023) 
Working Paper: Retail pricing format and rigidity of regular prices (2023) 
Working Paper: Retail Pricing Format and Rigidity of Regular Prices (2023) 
Working Paper: Retail Pricing Format and Rigidity of Regular Prices (2021) 
Working Paper: Retail Pricing Format and Rigidity of Regular Prices (2021) 
Working Paper: Retail Pricing Format and Rigidity of Regular Prices (2021) 
Working Paper: Retail Pricing Format and Rigidity of Regular Prices (2021) 
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