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Full Description
Shedding light on a range of price fixing mechanisms and price display technologies, this incisive book offers a clear overview of the retail price setting, posting and adjusting processes. Based on a detailed study of a century of pricing practices in the US retail sector, it explores the anthropology and sociology of valuation practices by concentrating on the way prices are fabricated.
Fixing Prices examines the relationship between everyday price display innovations, such as price tag devices, and wider market changes, including the introduction of price regulations about price display and item pricing. Investigating the historical development of price display, the book demonstrates the extent to which the materiality of prices contributes to the creation of different price-based valuation tactics.
Offering a historical perspective on pricing in the US retail sector, this unique book will prove invaluable to students of marketing, economic sociology, and industrial economics. It will also benefit industry professionals wanting to expand their knowledge surrounding pricing procedures.
Contents
Contents: Introduction: studying the display of prices 1. Indexing prices: prices and the fingers of the invisible hand 2. Tagging prices: the proliferation of price tag technologies 3. Managing prices: price cutting strategies 4. Ruling prices: price ceiling policies 5. Printing, sticking, and stamping prices: rebalancing power between manufacturers and retailers 6. Infrastructuring prices: from paper to digital price systems 7. Digitalizing prices: the long history of Electronic Shelf Labels 8. Conclusions References Index
