even when they offer little transaction convenience. We corroborate these findings with two large retail scanner price …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

prices, we show that the effect of the new policy was twofold. First, it facilitated price alignment and coordination on … price changes. After the policy change, the observed pricing pattern shifted from cost-based to sticky-leadership pricing … significantly increase prices through sticky-leadership pricing. Our paper highlights the importance of price-commitment by a large …

the steady-state distribution of price adjustments in microdata; realism calls for firm-specific shocks. Computing a …

We study the price rigidity of regular and sale prices, and how it is affected by pricing formats (i.e., pricing … strategies). We use data from three large Canadian stores with different pricing formats (Every-Day-Low-Price, Hi-Lo, and Hybrid … regular prices as displayed on the store shelves. We combine these data with two “generated” regular price series (filtered …

Macroeconomic models often generate nominal price rigidity via menu costs. This paper provides empirical evidence that … facts: (1) price points, embodied in nine-ending prices, account for approximately two-thirds of prices; and (2) at the … that nests roles for menu costs and price points and estimate model variants. Excluding the two facts yields a …