Price setting in a leading Swiss online supermarket
| 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.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 | en_NZ | |
| dc.identifier.uri | https://ir.wgtn.ac.nz/handle/123456789/18597 | |
| 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.rights.rightsholder | www.vuw.ac.nz/sef | 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.anzsrcforV2 | 389999 Other economics not elsewhere classified | en_NZ |
| vuwschema.subject.marsden | 140104 Microeconomic Theory | en_NZ |
| vuwschema.type.vuw | Working or Occasional Paper | en_NZ |
