Pricing in inflationary times: The penny drops
Pricing in inflationary times: The penny drops
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通货膨胀时期的定价：一分钱下降
DOI：
10.1016/j.jmoneco.2015.08.002
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发表时间：
2015
影响因子：
4.1
通讯作者：
Chakraborty R
中科院分区：
文献类型：
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作者：
Chakraborty R
微观价格涨跌的频率和幅度与宏观经济危机以及调控有何关系？在2004年至2007年的温和期和2008年至2010年的危机期，对三家主要零售商在英国食品杂货中的每周微定价行为进行了调查。我们发现显著的价格灵活性明显不同于在大多数以前的工作中观察到的行为。2008年，价格下行弹性明显增强。整体一篮子价格上涨，但后期个别价格下跌明显多于上涨。对价格设定混乱的测试表明，大量价格小幅下跌被用来掩盖一揽子价格的上涨。
How does the frequency and magnitude of micro-price rises and falls relate to macroeconomic crisis, as well as moderation? Weekly micropricing behaviour in British groceries was investigated across three leading retailers over the moderation period 2004–7 and the crisis period 2008–10. We find significant price flexibility sharply distinguished from behaviour observed in most previous works. Downward price flexibility increased markedly in 2008. Overall basket prices rise, but significantly more individual prices fall than rise in the latter period. Tests of obfuscation in price setting suggested that large numbers of small price falls were used to disguise the basket price rises.