Topic
Limit price
About: Limit price is a research topic. Over the lifetime, 4865 publications have been published within this topic receiving 148546 citations.
Papers published on a yearly basis
Papers
More filters
TL;DR: In this article, the authors investigated whether initial expectations of rising prices causally influence price trend judgments even in the presence of unequivocal contrary evidence, and found that price trend perceptions were causally affected by price trend expectations.
34 citations
TL;DR: In this article, the authors argue that firms with larger market shares will be relatively better informed about demand conditions, leading to more rapid price adjustments in concentrated industries, price leadership in industries with dominant firms, and price setting behavior by the concentrated side of the market.
Abstract: This paper argues that firms with larger market shares will be relatively better informed about demand conditions. The main implications are 1) more rapid price adjustments in concentrated industries, 2) price leadership in industries with dominant firms, and 3) price setting behavior by the concentrated side of the market.
34 citations
TL;DR: This article showed that the presence of unit prices increases the salience of price in decision making, making consumers more price-sensitive, which in turn activates a greater motivation to select cheaper products.
34 citations
TL;DR: In this paper, the authors considered a production strategy of locating final production line in response to the changes in market demand and the continuous deterioration in stock and derived the most economical site of final-production line that assembles products with short life cycle.
Abstract: The reason for considering the quick response production strategy to market demand is due to the rapid technology change, which results in decreasing market price and obsolescence. This study considers a production strategy of locating final production line in response to the changes in market demand and the continuous deterioration in stock. The demand rate is assumed to decrease exponentially with time while the price is assumed to decrease linearly with time. The purpose of this study is to derive the most economical site of final-production line that assembles products with short life cycle. The model considered in this research takes into account the sales revenue, the deteriorating cost, the carrying cost, the variable cost and the fixed cost of production. Although there is a higher labour and material cost when the production site is located near market point, the total profit increases due to quicker responsive time, smaller import tax, lower inventory and lesser deteriorating cost.
34 citations
TL;DR: In this paper, the authors investigated the effects of EU enlargement on price convergence and found that the price convergence is rather slow, with half-lives of approximately ten years.
Abstract: This paper investigates the effects of EU enlargement on price convergence. The internal market is expected to boost integration and increase efficiency and welfare through a convergence of prices in product markets. Two principal drivers are crucial to explain price developments. On one hand, higher competition exerts downward pressure on prices because of lower markups. On the other hand, the catching-up process of lowincome countries leads to a rise in price levels and higher inflation over a transition period. Using comparative price levels for forty-one product categories, price convergence can be established. However, the speed of convergence is rather slow, with half-lives of approximately ten years. The enlargement has stimulated convergence slightly toward the mean price; this effect is robust across different groups of countries. Moreover, the driving forces of convergence are explored. In line with theoretical predictions, the rise in competition exerts downward pressure on prices, whereas catc...
33 citations