The DOI matches its Crossref record; 25 of the 25 references it cites were found in a registry or an index.
Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
Abstract
We examine retail and wholesale prices for a large supermarket chain over seven and one-half years. We find that prices fall on average during seasonal demand peaks for a product, largely due to changes in retail margins. Retail margins for specific goods fall during peak demand periods for that good, even if these periods do not coincide with aggregate demand peaks for the retailer. This is consistent with “loss-leader” models of retailer competition. Models stressing cyclical demand elasticities or cyclical firm conduct are less consistent with our findings. Manufacturer behavior plays a limited role in the countercyclicality of prices.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Robust estimation of a location parameter
Huber, P. J. (1964) · The Annals of Mathematical Statistics · doi:10.1214/aoms/1177703732 · Cited by 7,228
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
Noncooperative Collusion under Imperfect Price Information
Green, E. J., & Porter, R. H. (1984) · Econometrica · doi:10.2307/1911462 · Cited by 1,998
Some Evidence on the Importance of Sticky Prices
Bils, M., & Klenow, P. (2002) · National Bureau of Economic Research · doi:10.3386/w9069 · Cited by 1,323
Multimarket Contact and Collusive Behavior
Bernheim, B. D., & Whinston, M. D. (1990) · The RAND Journal of Economics · doi:10.2307/2555490 · Cited by 1,300
A Supergame-Theoretic Model of Price Wars during Booms
Rotemberg, J. J., & Saloner, G. (1986) · American Economic Review · Cited by 1,186
The Fitting of Power Series, Meaning Polynomials, Illustrated on Band-Spectroscopic Data
Beaton, A. E., & Tukey, J. W. (1974) · Technometrics · doi:10.1080/00401706.1974.10489171 · Cited by 1,010
State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?*
Klenow, P. J., & Kryvtsov, O. (2008) · Quarterly Journal of Economics · doi:10.1162/qjec.2008.123.3.863 · Cited by 663
Determinants of Store-Level Price Elasticity
Hoch, S. J., Kim, B.-D., Montgomery, A. L., & Rossi, P. E. (1995) · Journal of Marketing Research · doi:10.1177/002224379503200104 · Cited by 545
Self-citationRetail Pricing and Advertising Strategies
Lal, R., & Matutes, C. (1994) · The Journal of Business · doi:10.1086/296637 · Cited by 433
Cited by
Salience and Taxation: Theory and Evidence
Chetty, R., Looney, A., & Kroft, K. (2009) · American Economic Review · doi:10.1257/aer.99.4.1145 · Cited by 2,742
Some Evidence on the Importance of Sticky Prices
Bils, M., & Klenow, P. J. (2004) · Journal of Political Economy · doi:10.1086/422559 · Cited by 1,540
Multiple-Product Firms and Product Switching
Bernard, A. B., Redding, S. J., & Schott, P. K. (2010) · American Economic Review · doi:10.1257/aer.100.1.70 · Cited by 904
New Empirical Generalizations on the Determinants of Price Elasticity
Bijmolt, T. H. A., Van Heerde, H. J., & Pieters, R. G. M. (2005) · Journal of Marketing Research · doi:10.1509/jmkr.42.2.141.62296 · Cited by 440
The Money Pump as a Measure of Revealed Preference Violations
Echenique, F., Lee, S., & Shum, M. (2011) · Journal of Political Economy · doi:10.1086/665011 · Cited by 160
Metadata
- Authors
- Chevalier, J. A., Kashyap, A. K., & Rossi, P. E.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2003-02-01
- Volume
- 93
- Issue
- 1
- Pages
- 15-37
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3124441429
- Cited by
- 466
- References
- 25
- FWCI
- 97.20
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data. https://app.cochat.ai/papers/10.1257/000282803321455142
- The paper
- Chevalier, J. A., Kashyap, A. K., & Rossi, P. E. (2003). Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data. American Economic Review. https://doi.org/10.1257/000282803321455142
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.