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Price setting in a leading Swiss online supermarket

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dc.contributor.author Berka, Martin
dc.contributor.author Devereux, Michael B.
dc.contributor.author Rudolph, Thomas
dc.date.accessioned 2011-07-06T23:20:48Z
dc.date.accessioned 2022-07-05T02:04:12Z
dc.date.available 2011-07-06T23:20:48Z
dc.date.available 2022-07-05T02:04:12Z
dc.date.copyright 2011
dc.date.issued 2011
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/18597
dc.description.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. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries SEF Working paper series en_NZ
dc.subject online supermarket en_NZ
dc.subject price behavior en_NZ
dc.subject sticky price en_NZ
dc.title Price setting in a leading Swiss online supermarket en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.anzsrcfor 149999 Economics not elsewhere classified en_NZ
vuwschema.subject.marsden 140104 Microeconomic Theory en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 389999 Other economics not elsewhere classified en_NZ
dc.rights.rightsholder www.vuw.ac.nz/sef en_NZ

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