, become more urgent during holidays. As a result, the holiday-period opportunity cost of price adjustment may increase … dramatically for retail stores, which should lead to greater price rigidity during holidays. We test this prediction using weekly … retail scanner price data from a major Midwestern supermarket chain. We find that indeed, prices are more rigid during …

. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price …

to and from their hubs over the past decade. Our analysis finds that the typical price and capacity response by incumbent …

. Although none of the new Phillips curve tested are completely adequate, we find that Calvo's sticky price formulation provides …