We examine wealth effects, for banks and insurers, of bank rights to sell and underwrite annuities. The stock-price … safety-net guarantees as a source of gains. Banking stock-price reactions to the Supreme Court's decision are opposite other …

advertising level, and market structure. The relationship results from a trade off between a price effect and a market structure …

revenues, 35.2% of net margins, and $0.52/price change. These menu costs may be forming a barrier to price changes …. Specifically, (1) a supermarket chain facing higher menu costs (due to item pricing laws which require a separate price tag on each …

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and …

We empirically study the price adjustment process at multiproduct retail stores. We use a unique store level data set … during the price change process. We also discuss various aspects of the microeconomic environment in which the price … adjustment decisions are made, factors affecting the price adjustment decisions, and firm-level implications of price adjustment …