Matches in SemOpenAlex for { <https://semopenalex.org/work/W2154508266> ?p ?o ?g. }
- W2154508266 endingPage "198" @default.
- W2154508266 startingPage "172" @default.
- W2154508266 abstract "The Thanksgiving–Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks, such as restocking shelves, handling customers' questions and inquiries, running cash registers, cleaning and bagging, become more urgent during holidays. As a result, the holiday-period opportunity cost of price adjustment may increase dramatically for retail stores, which should lead to greater price rigidity during holidays. We test this prediction using weekly retail scanner price data from a major Midwestern supermarket chain. We find that, indeed, prices are more rigid during holiday periods than non-holiday periods. For example, the econometric model we estimate suggests that the probability of a price change is lower during holiday periods, even after accounting for cost changes. Moreover, we find that the probability of a price change increases with the size of the cost change, during both the holiday as well as non-holiday periods. We argue that these findings are best explained by higher price adjustment costs (menu cost) the retailers face during the holiday periods. Our data provides a natural experiment for studying variation in price rigidity because most aspects of market environment such as market structure, industry concentration, the nature of long-term relationships, contractual arrangements, etc. do not vary between holiday and non-holiday periods. We, therefore, are able to rule out these commonly used alternative explanations for the price rigidity, and conclude that the menu cost theory offers the best explanation for the holiday period price rigidity." @default.
- W2154508266 created "2016-06-24" @default.
- W2154508266 creator A5004630884 @default.
- W2154508266 creator A5016327489 @default.
- W2154508266 creator A5021014167 @default.
- W2154508266 creator A5065347601 @default.
- W2154508266 creator A5086319422 @default.
- W2154508266 date "2010-01-01" @default.
- W2154508266 modified "2023-10-14" @default.
- W2154508266 title "Holiday Price Rigidity and Cost of Price Adjustment" @default.
- W2154508266 cites W1482316222 @default.
- W2154508266 cites W1514658899 @default.
- W2154508266 cites W1561864146 @default.
- W2154508266 cites W1565905637 @default.
- W2154508266 cites W1734608797 @default.
- W2154508266 cites W1966149512 @default.
- W2154508266 cites W1967448990 @default.
- W2154508266 cites W1998603206 @default.
- W2154508266 cites W2009811040 @default.
- W2154508266 cites W2015172874 @default.
- W2154508266 cites W2025291356 @default.
- W2154508266 cites W2040719824 @default.
- W2154508266 cites W2046875784 @default.
- W2154508266 cites W2067082882 @default.
- W2154508266 cites W2075407454 @default.
- W2154508266 cites W2078395338 @default.
- W2154508266 cites W2081002397 @default.
- W2154508266 cites W2086270352 @default.
- W2154508266 cites W2090631670 @default.
- W2154508266 cites W2092507447 @default.
- W2154508266 cites W2093579797 @default.
- W2154508266 cites W2106045992 @default.
- W2154508266 cites W2110845124 @default.
- W2154508266 cites W2111819448 @default.
- W2154508266 cites W2124091152 @default.
- W2154508266 cites W2129491970 @default.
- W2154508266 cites W2137207944 @default.
- W2154508266 cites W2145425050 @default.
- W2154508266 cites W2146265758 @default.
- W2154508266 cites W2150103364 @default.
- W2154508266 cites W2151919083 @default.
- W2154508266 cites W2153527462 @default.
- W2154508266 cites W2155965552 @default.
- W2154508266 cites W2172127510 @default.
- W2154508266 cites W2550343960 @default.
- W2154508266 cites W2790090703 @default.
- W2154508266 cites W3023715317 @default.
- W2154508266 cites W3121149803 @default.
- W2154508266 cites W3121885029 @default.
- W2154508266 cites W3123308746 @default.
- W2154508266 cites W3123633745 @default.
- W2154508266 cites W3124441429 @default.
- W2154508266 cites W4230279140 @default.
- W2154508266 cites W4249371010 @default.
- W2154508266 doi "https://doi.org/10.1111/j.1468-0335.2008.00738.x" @default.
- W2154508266 hasPublicationYear "2010" @default.
- W2154508266 type Work @default.
- W2154508266 sameAs 2154508266 @default.
- W2154508266 citedByCount "44" @default.
- W2154508266 countsByYear W21545082662012 @default.
- W2154508266 countsByYear W21545082662013 @default.
- W2154508266 countsByYear W21545082662014 @default.
- W2154508266 countsByYear W21545082662015 @default.
- W2154508266 countsByYear W21545082662016 @default.
- W2154508266 countsByYear W21545082662017 @default.
- W2154508266 countsByYear W21545082662018 @default.
- W2154508266 countsByYear W21545082662020 @default.
- W2154508266 countsByYear W21545082662021 @default.
- W2154508266 countsByYear W21545082662022 @default.
- W2154508266 countsByYear W21545082662023 @default.
- W2154508266 crossrefType "journal-article" @default.
- W2154508266 hasAuthorship W2154508266A5004630884 @default.
- W2154508266 hasAuthorship W2154508266A5016327489 @default.
- W2154508266 hasAuthorship W2154508266A5021014167 @default.
- W2154508266 hasAuthorship W2154508266A5065347601 @default.
- W2154508266 hasAuthorship W2154508266A5086319422 @default.
- W2154508266 hasBestOaLocation W21545082662 @default.
- W2154508266 hasConcept C10138342 @default.
- W2154508266 hasConcept C105795698 @default.
- W2154508266 hasConcept C127413603 @default.
- W2154508266 hasConcept C149782125 @default.
- W2154508266 hasConcept C160343418 @default.
- W2154508266 hasConcept C162324750 @default.
- W2154508266 hasConcept C2778083465 @default.
- W2154508266 hasConcept C33923547 @default.
- W2154508266 hasConcept C49630185 @default.
- W2154508266 hasConcept C556758197 @default.
- W2154508266 hasConcept C66938386 @default.
- W2154508266 hasConceptScore W2154508266C10138342 @default.
- W2154508266 hasConceptScore W2154508266C105795698 @default.
- W2154508266 hasConceptScore W2154508266C127413603 @default.
- W2154508266 hasConceptScore W2154508266C149782125 @default.
- W2154508266 hasConceptScore W2154508266C160343418 @default.
- W2154508266 hasConceptScore W2154508266C162324750 @default.
- W2154508266 hasConceptScore W2154508266C2778083465 @default.
- W2154508266 hasConceptScore W2154508266C33923547 @default.
- W2154508266 hasConceptScore W2154508266C49630185 @default.
- W2154508266 hasConceptScore W2154508266C556758197 @default.