Search Results - subject:"rigid"

A business-cycle model with monopolistically competitive firms and Calvo wages : lessons for Bulgaria

Vasilev, Aleksandar - In: Journal of economics & development : JED 24 (2022) 1, pp. 80-95

Persistent link: https://www.econbiz.de/10012878404

Stuck at zero: price rigidity in a runaway inflation

Snir, Avichai; Chen, Haipeng; Levy, Daniel C. - 2021

We use micro level retail price data from convenience stores to study the link between 0-ending price points and price rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%-430%. Surprisingly, we find that 0-ending prices are less likely to...

Persistent link: https://www.econbiz.de/10012511181

A business-cycle-model with monopolistically-competitive firms and Calvo wages: Lessons for Bulgaria (1999-2018)

Vasilev, Aleksandar - In: Journal of Economics and Development (2020) Early Cite

competition in the product market, and rigid prices, as well as rigid wages a la Calvo (1983) in the labor market.Purpose: We … product market, and rigid prices, as well as rigid wages a la Calvo (1983) in the labor market. Design …

Persistent link: https://www.econbiz.de/10012384084

Zero-Ending Prices, Cognitive Convenience, and Price Rigidity

Snir, Avichai; Chen, Haipeng (Allan); Levy, Daniel - In: Journal of Economic Behavior and Organization 203 (2022), pp. 519-542

offer. Using a large store-level retail CPI data, we find that 0-ending prices are popular and rigid at convenience stores … conclude that 0-ending prices are popular and rigid, and that they increase demand at convenience settings, not only for their …

Persistent link: https://www.econbiz.de/10013399244