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Price setting in a leading Swiss online supermarket
Berka, Martin; Devereux, Michael B.; Rudolph, Thomas - Federal Reserve Bank of Dallas - 2011
We study a newly released data set of scanner prices for food products in a large Swiss online supermarket. We find that average prices change about every two months, but when we exclude temporary sales, prices are extremely sticky, changing on average once every three years. Non-sale price...
Persistent link: https://www.econbiz.de/10009292917
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Income differences and prices of tradables
Simonovska, Ina - Federal Reserve Bank of Dallas - 2010
This paper presents novel evidence of price discrimination, using prices of identical goods in 28 countries. I explain the observed phenomenon via non-homothetic preferences, in a model of trade with product differentiation and firm productivity heterogeneity. The model brings theory and data...
Persistent link: https://www.econbiz.de/10008598685
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Deliverability and regional pricing in U.S. natural gas markets
Brown, Stephen P.A.; Yucel, Mine K. - Federal Reserve Bank of Dallas - 2008
-1990s, however, U.S. natural gas markets tightened and some pipelines were pushed to capacity. We look for the pricing …
Persistent link: https://www.econbiz.de/10005490305
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State-dependent pricing, local-currency pricing, and exchange rate pass-through
Landry, Anthony - Federal Reserve Bank of Dallas - 2009
This paper presents a two-country DSGE model with state-dependent pricing as in Dotsey, King, and Wolman (1999) in … time-dependent pricing. In addition, the predictions of the state-dependent pricing model match the business-cycle moments … better than the predictions of the time-dependent pricing model when driven by monetary policy shocks. …
Persistent link: https://www.econbiz.de/10008611002
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A model of international cities: implications for real exchange rates
Crucini, Mario J.; Yilmazkuday, Hakan - Federal Reserve Bank of Dallas - 2009
We develop a model of cities each inhabited by two agents, one specializing in manufacturing, the other in retail distribution. The distribution sector represents the physical transformation of all internationally traded goods from the factory gate to the final consumer. Using a panel of...
Persistent link: https://www.econbiz.de/10008611003
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Teams of rivals: endogenous markups in a Ricardian world
Blas, Beatriz de; Russ, Katheryn Niles - Federal Reserve Bank of Dallas - 2010
We show that an ostensibly disparate set of stylized facts regarding firm pricing behavior can arise in a Ricardian … are able to mesh this dichotomy with the existence of pricing-to-market and imperfect pass-through, as well as to capture … distribution for markups that previously could only be seen numerically and a way to quantify endogenous pricing rigidities …
Persistent link: https://www.econbiz.de/10008836193