Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246817 
Year of Publication: 
2021
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
We study different notions of sale and regular prices, and their variability with store pricing-formats. We use data from three large stores with different pricing-formats (EDLP/Hi-Lo/Hybrid) that are located within 1-km radius. Importantly, the data contain both the actual transaction prices and the actual regular prices as displayed on the store shelves. We combine these data with two “generated” regular price series and study their rigidity. Regular-price rigidity varies with store-formats because different format stores define regular-prices differently. Correspondingly, the meaning of price-cuts varies across store-formats. To interpret the findings, we consider the store pricing format distribution across the US.
Subjects: 
Price Rigidity
Sticky Prices
Regular Prices
Sale Prices
Filtered Prices
Reference Prices
Transaction Prices
Price Cuts
Pricing Format
Every Day Low Price
EDLP
Hi-Lo
Hybrid
JEL: 
E31
Document Type: 
Working Paper

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