The Preference for Round Number Prices
AbstractThis study determines if a preference for round prices exists in the wheat market and how wheat sales react to price movements around whole dollar amounts. The results show round prices are slightly more prevalent than non-round prices and that transactions increase when price moves above a whole dollar amount.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2005 Annual Meeting, February 5-9, 2005, Little Rock, Arkansas with number 35537.
Date of creation: 2005
Date of revision:
Demand and Price Analysis;
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