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Holiday Price Rigidity and Cost of Price Adjustment

Levy, Daniel; Muller, Georg; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

Using unique retail and wholesale price data for 4,532 products carried by a major Midwestern grocery retailer, we find evidence of significant retail price rigidity during the Thanksgiving through Christmas holiday period relative to the rest of the year. We suggest that this pattern of holiday...

Persistent link: https://www.econbiz.de/10005126197

The Magnitude of Menu Costs: Direct Evidence from Large U.S. Supermarket Chains

Levy, Daniel; Bergen, Mark; Dutta, Shantanu; Venable, Robert - EconWPA - 2005

We use store-level data to document the exact process of changing prices and to directly measure menu costs at five multi-store supermarket chains. We show that changing prices in these establishments is a complex process, requiring dozens of steps and a nontrivial amount of resources. The menu...

Persistent link: https://www.econbiz.de/10005412630

Heterogeneity in Price Rigidity: Evidence from a Case Study Using Micro-Level Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. We find that prices exhibit more rigidity in response to the second shock than the first. The...

Persistent link: https://www.econbiz.de/10005412696

Price Adjustment at Multiproduct Retailers

Levy, Daniel; Dutta, Shantanu; Bergen, Mark; Venable, Robert - EconWPA - 2005

We empirically study the price adjustment process at multiproduct retail stores. We use a unique store level data set for five large supermarket and one drugstore chains in the U.S., to document the exact process required to change prices. Our data set allows us to study this process in great...

Persistent link: https://www.econbiz.de/10005412912

Market integration for agricultural output markets in Peru: the role of public infrastructure

Escobal, Javier; Vásquez, Arturo - EconWPA - 2005

This paper shows the impact that investment in infrastructure may have on the efficiency of agricultural products markets. Using daily price series for the most important agricultural crop in Peru (potato), in 10 cities from 1995 to 2001, we show that there is enough evidence to conclude that...

Persistent link: https://www.econbiz.de/10005556218

Price Flexibility in Channels of Distribution: Evidence from Scanner Data

Dutta, Shantanu; Bergen, Mark; Levy, Daniel - EconWPA - 2004

In this study, we empirically examine the extent of price rigidity using a unique store-level time series data set - consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers' costs and the prices received by manufacturers,...

Persistent link: https://www.econbiz.de/10005561335

Price risk management instruments in agricultural and other unstable markets

Boussard, Jean-Marc - EconWPA - 2005

Most economists congregate on the idea that commodity price instability should be reduced. Since at least one century a variety of instruments have been designed to that end, without much success, especially for agricultural commodities. The failure might be a consequence of the fact that most...

Persistent link: https://www.econbiz.de/10005412556

Structural Problems in Namibia's Sectoral and Sub-Sectoral Performance During the 1968-1992 Years

Amavilah, V. Heinrich S. - EconWPA - 2003

A flexible production function analysis is addressed to Namibia's data for the 1968-1992 period to test for evidence of structural problems in sectoral and sub-sectoral performance. The analysis found the primary sector to be characterized by constant returns to scale through the entire 25...

Persistent link: https://www.econbiz.de/10005408279

Investing in Hope: AIDS, Life Expectancy, and Human Capital Accumulation

Huang, Rui; Fulginiti, Lilyan E.; Peterson, E. Wesley - EconWPA - 2005

A three period overlapping generations model is developed to investigate the impact of shorter life expectancy due to disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa given the dramatic reduction in life expectancy due...

Persistent link: https://www.econbiz.de/10005118675

How Did Malawi Accumulate External Debt

Stambuli, P. Kalonga - EconWPA - 2003

Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding … gaps in external liquidity and increasing demand for foreign borrowing. The paper also finds that Malawi suffered a heavy … after 1976 was transmitted worldwide and as a result, the rate of interest on Malawi debt rose (by 373%) from only 1.9% in …

Persistent link: https://www.econbiz.de/10005062708

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