34,931 research outputs found
Andrew Price, 1886
Southern University and A&M College 1886 A portrait of Andrew Price, a Southern University Board Member, 1886-1887
"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry as well as two World Wars, the Great Depression, and numerous regulatory interventions and lawsuits, which led to substantial changes in the Coca-Cola market conditions. The nickel price of Coke, nevertheless, remained unchanged. We find that this unusual rigidity is best explained by (1) a contract between the Company and its parent bottlers that encouraged retail price maintenance, (2) a single-coin vending machine technology, which limited the Company's price adjustment options due to limited availability and unreliability of the existing flexible price adjustment technologies, and (3) a single-coin monetary transaction technology, which limited the Company's price adjustment options due to the customer "inconvenience cost." We show that these price adjustment costs are of a different nature than the standard menu cost, and their estimates exceed the existing estimates by an order of magnitude. A possible broader relevance of the nickel Coke phenomenon is discussed in the context of Nickel and Dime Stores, which were popular in the US in the late 1800s and the early 1900s.Sticky Prices, Cost of Adjustment, Menu Cost, Retail Price Maintenance, Single-Coin Vending Machine, Customer Inconvenience Cost, Coca-Cola, Coke, Nickel Coke, Pepsi, Nickel and Dime Stores
Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank’s Inflation Persistence Network.Price Rigidity, Price Flexibility, Cost of Price Adjustment, Menu Cost, Managerial and Customer Cost of Price Adjustment, Pricing, Price System, Price Setting, New Keynesian Economics, Store-Level Data, Micro-Level Data, Product-Level Data
Lee Andrew Holloway c. TDCJ Correspondence
A letter and envelope sent to Warden Keith Price from Maxine Barnette, Anderson County District Clerk, regarding Cause No. 4048, Lee Andrew Holloway vs Texas Department of Criminal Justice - Institutional Division
Lee Andrew Holloway c. TDCJ Correspondence
The envelope sent to Warden Keith Price from Maxine Barnette, Anderson County District Clerk, containing a letter regarding Cause No. 4048, Lee Andrew Holloway vs Texas Department of Criminal Justice - Institutional Division
Rowan Oak, Andrew Price, image 001
Andrew Price chopping wood outside his house at Rowan Oakhttps://egrove.olemiss.edu/mjdain/2591/thumbnail.jp
Price, William Andrew, [No Service Number]
This record was harvested from a previous catalogue system and will be withdrawn in 2025. Information in this record may be superseded or incomplete. Visit this record in UMA's new catalogue at: https://archives.library.unimelb.edu.au/nodes/view/411652Surname: PRICE. Given Name(s) or Initials: WILLIAM ANDREW. Military Service Number or Last Known Location: [No Registration Number]. Missing, Wounded and Prisoner of War Enquiry Card Index Number: 46610.227363
Item: [2016.0049.43916] "Price, William Andrew, [No Service Number]
Andrew Oman
Handwritten answers by Andrew Oman of Price, Utah, for a questionnaire filled out for Utah Works Progress Administration\u27s "Pioneer personal history" survey. He was born in 1866 at Mount Pleasant to Pioneer parents. Text written down by De Los Myers of Price on August 2, 193
Price Points and Price Rigidity
We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: “9” is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at “9”; 9-ending prices are less likely to change than non-9-ending prices; and the average size of price change is larger for 9-ending than non-9-ending prices. We conclude that 9-ending contributes to price rigidity from penny to dollar digits, and across a wide range of product categories, retail formats and retailers.Price Point, 9-Ending Price, Price Rigidity
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