Crucini, Mario J.; Shintani, Mototsugu - In: Journal of Monetary Economics 55 (2008) 3, pp. 629-644
Using an extensive micro-price panel, we find a positive cross-sectional relationship between LOP persistence and the distribution margin, which we measure using sectoral U.S. data, as suggested by the classical dichotomy. The median level of persistence (across goods) is low, and there is no...