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Limit price
About: Limit price is a research topic. Over the lifetime, 4865 publications have been published within this topic receiving 148546 citations.
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TL;DR: In this paper, the relationship between the dollar's effective exchange rate and the export price indexes for 13 two-digit US manufacturing industries is analyzed to determine which industry adjusts its dollar export price to dampen or amplify the effect of the exchange rate fluctuations on the foreign-currency price of its exports.
Abstract: The relationship between the dollar's effective exchange rate and the export price indexes for 13 two-digit US manufacturing industries is analysed to determine (i) which industry adjusts its dollar export price to dampen or amplify the effect of the exchange rate fluctuations on the foreign-currency price of its exports and (ii) whether the response of the export price index to appreciation and depreciation of the exchange rate is asymmetric. For several industries, evidence consistent with dampening the foreign-currency price of exports in an asymmetric fashion is found. The implications of the results for the price competitiveness of the industries studied is discussed.
37 citations
TL;DR: In this article, the authors identify the date of structural break applying the Gregory and Hansen procedure with recursively estimated breakpoints and ADF statistics and conclude that price transmission on the Hungarian beef market is symmetric on both long and short run.
Abstract: There is a wealth of literature on farm-retail price spread for different commodities and countries. However, research on price transmission and marketing margins in the transition economies is still limited. The paper analyses two specific aspects of transition: the larger probability of asymmetric price transmission and structural changes in the case of Hungarian beef chain. The article identifies the date of structural break applying the Gregory and Hansen procedure with recursively estimated breakpoints and ADF statistics. Exogeneity tests reveal the causality runs from producer to retail prices. Homogeneity is rejected, suggesting a mark-up pricing strategy. Price transmission analysis suggests that, despite the common belief, price transmission on the Hungarian beef meat market is symmetric on both long and short run.
37 citations
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TL;DR: In this paper, the authors analyze sequential and simultaneous price setting under a mixed duopoly with homogeneous products and symmetric quadratic cost functions, and show that when the public firm is the follower, there exists the case that the equilibrium price is highest of all timings.
Abstract: We analyze sequential and simultaneous price setting under a mixed duopoly with homogeneous products and symmetric quadratic cost functions. When public firm is the follower, there exists the case that the equilibrium price is highest of all timings.
37 citations
TL;DR: In this article, the authors used a database containing the daily fare over the 3 months prior to each flight operated by easyJet during 2009 and defined the "leisure index" as the difference between the price rates of change during the 90 days and 15 days prior to departure.
37 citations
TL;DR: In this article, the authors explore the relationship between price increasing competition and overly intense competition and find that sellers are more sensitive to their rivals when buyer values are positively correlated, and they also explore pricing dynamics.
Abstract: Economic intuition suggests competition lowers prices. However, recent theoretical work reveals a monopolist may prefer to charge a lower price than a seller facing a competitor with a differentiated product depending upon the joint distribution of buyer values for the products. We explore this relationship using controlled laboratory experiments. Our results indicate price increasing competition is rare due in part to overly intense competition, but after controlling for such behavioral reactions, we find some support for the model. We also explore pricing dynamics and find that sellers are more sensitive to their rivals when buyer values are positively correlated.
37 citations