scholarly journals Border prices and retail prices

2012 ◽  
Vol 88 (1) ◽  
pp. 62-73 ◽  
Author(s):  
David Berger ◽  
Jon Faust ◽  
John H. Rogers ◽  
Kai Steverson
Keyword(s):  
Retail Prices ◽  
Border Prices

scholarly journals Border Prices and Retail Prices

2009 ◽  
Author(s):  
David Berger ◽  
Jon Faust ◽  
John H. Rogers
Keyword(s):  
Retail Prices ◽  
Border Prices

scholarly journals Border Prices and Retail Prices

2009 ◽  
Vol 2009 (972) ◽  
pp. 1-29 ◽  
Author(s):  
David W. Berger ◽  
◽  
Jon Faust ◽  
John Harold Rogers ◽  
Kai Steverson
Keyword(s):  
Retail Prices ◽  
Border Prices

scholarly journals Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation

2021 ◽  
Vol 111 (2) ◽  
pp. 652-686
Author(s):  
Raphael Auer ◽  
Ariel Burstein ◽  
Sarah M. Lein
Keyword(s):  
Exchange Rates ◽  
Cross Sectional ◽  
Import Prices ◽  
Relative Prices ◽  
Nondurable Goods ◽  
Consumer Prices ◽  
Consumer Expenditures ◽  
Retail Prices ◽  
Border Prices ◽  
The Impact

We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail prices, and consumer expenditures on domestic and imported nondurable goods, following the removal of the EUR/CHF floor in January 2015. Cross-sectional variation in border price changes by currency of invoicing carries over to consumer prices and allocations, impacting retail prices of imports and competing domestic goods, as well as import expenditures. We provide measures of the sensitivity of retail import prices to border prices and the sensitivity of import shares to relative prices, which is higher when using retail prices than border prices. (JEL E21, E31, F14, F31, L11)

scholarly journals International Prices, Costs, and Markup Differences

2011 ◽  
Vol 101 (6) ◽  
pp. 2450-2486 ◽  
Author(s):  
Gita Gopinath ◽  
Pierre-Olivier Gourinchas ◽  
Chang-Tai Hsieh ◽  
Nicholas Li
Keyword(s):  
Exchange Rates ◽  
Real Exchange Rates ◽  
The United States ◽  
Nominal Exchange Rate ◽  
Common Currency ◽  
Discontinuous Change ◽  
Cross Border ◽  
International Prices ◽  
Retail Prices ◽  
Border Prices

Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this variation into relative costs and markup components. The high correlation of nominal and real exchange rates is driven mainly by changes in relative costs. National borders segment markets. Retail prices respond to changes in costs in neighboring stores within the same country but not across the border. Prices have a median discontinuous change of 24 percent at the border and 0 percent at state boundaries. (JEL F31, L11, L81)

Why Don't Retail Prices Vary Seasonally with Demand?

2019 ◽  
Author(s):  
R. Butters ◽  
Daniel W. Sacks ◽  
Boyoung Seo
Keyword(s):  
Retail Prices

scholarly journals Farm Product Prices, Redistribution, and the Early U.S. Great Depression

2021 ◽  
pp. 1-39
Author(s):  
Joshua K. Hausman ◽  
Paul W. Rhode ◽  
Johannes F. Wieland
Keyword(s):  
Great Depression ◽  
Propagation Mechanism ◽  
Farm Product ◽  
Retail Prices ◽  
Marginal Propensity ◽  
Pass Through

We argue that falling farm product prices, incomes, and spending may explain 10–30 percent of the 1930 U.S. output decline. Crop prices collapsed, reducing farmers’ incomes. And across U.S. states and Ohio counties, auto sales fell most in crop-growing areas. The large spending response may be explained by farmers’ indebtedness. Reasonable assumptions about the marginal propensity to spend of farmers relative to nonfarmers and the pass-through of farm prices to retail prices imply that the collapse of farm product prices in 1930 was a powerful propagation mechanism worsening the Depression.

scholarly journals Strategic Analysis of the Pricing Mechanisms in an Online Book Supply Chain in the Presence of Reference Price Effects

2021 ◽  
Vol 16 (5) ◽  
pp. 1492-1516
Author(s):  
Wenhua Hou ◽  
Yuwen Zeng
Keyword(s):  
Supply Chain ◽  
Discount Rate ◽  
Reference Price ◽  
Stackelberg Game ◽  
Lower Boundary ◽  
Retail Price ◽  
Reference Points ◽  
Price Effects ◽  
Retail Prices ◽  
Online Book

(1) Background: A binding recommended retail price has been used in several markets in a variety of forms, and the book market is a typical example. Publishers sell books to online retailers at a unit wholesale discount computed on the cover price. Retailers are then allowed to set the retail price. Therefore, if consumers regard the cover prices as reference points, then they may be more likely to purchase books if retail prices are lower than the cover prices. (2) Methods: We develop a Stackelberg game model for a book supply chain to investigates how reference price effects affect retailers and publisher’s pricing strategies. (3) Results: The results show that retailers will sell printed books at a discount only when the publisher’s wholesale discount rate is not high. Further, as the intensity of the reference price effects increases, (a) the lower boundary of the wholesale discount rate rises, (b) publishers’ profits increase and (c) retailers’ profits increase relative to the level of consumers’ e-books acceptance. (4) Conclusions: This result is related to the fact that the online retailer, such as Amazon and JD.com, like to invoke reference price effects in consumers’ minds by highlighting the printed book’s discount rate.

scholarly journals The Optimal Mechanism Design of Retail Prices in the Electricity Market for Several Types of Consumers

Mathematics ◽  
2021 ◽  
Vol 9 (10) ◽  
pp. 1147
Author(s):  
Natalia Aizenberg ◽  
Nikolai Voropai
Keyword(s):  
Electricity Market ◽  
Electric Power System ◽  
Optimal Mechanism ◽  
General Welfare ◽  
Different Types ◽  
Payment Schemes ◽  
Retail Prices ◽  
Adverse Selection Problem ◽  
Pricing Schemes ◽  
Dependent Demand

In this paper, we discuss the demand side management (DSM) problem: how to incentivize a consumer to equalize the load during the day through price-dependent demand. Traditionally, the retail market offers several electricity payment schemes. A scheme is effective when the different tariffs satisfy different consumers. At the same time, the existing and generally accepted retail pricing schemes can lead to an "adverse selection" problem when all consumers choose the same price, thereby, reducing the possible general welfare. We propose an optimal design of pricing mechanisms, taking into account the interests of the electricity supplier and different types of consumers. The results of our work are that the optimal mechanism is implemented simultaneously for several periods, including the case when the ratio of types of consumers in periods changes. In addition, the mechanism proposed by us, in contrast to the studies of other researchers, provides an equilibrium close to the socially optimal maximum. We describe the implementation algorithm of the mechanism and provide examples of its action in the electric power system with different types and numbers of consumers.

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