chain-level price adjustments: chains with the most exposure lower prices by 2.5% across all outlets in the years following …

A model is provided whereby a monopolist firm chooses to price its product at zero. This outcome is shown to be driven … price equilibrium can emerge. The paper shows that this outcome can be socially optimal and that, while a move from monopoly … to competition can result in a negative price equilibrium, this can be welfare reducing. The conclusion is that zero can …

The last decade has seen a burst of micro price studies. Many studies analyze data underlying national CPIs and PPIs …. Others focus on more granular sub-national grocery store data. We review these studies with an eye toward the role of price … setting in business cycles. We summarize with ten stylized facts: Prices change at least once a year, with temporary price …

How should a firm price a new product for which little is known about demand? We propose a simple pricing rule: the … firm only estimates the maximum price it can charge and still expect to sell at least some units, and then sets price as …

Thi spaper is concerned with the risk-allocation effects of alternative types of contracts used to set the price of a … good tobe delivered in the future. Under a fixed price contract, the price is specified in advance. Under a spot price … contract, the price is the price prevailing in the spot market at the time of delivery.These contract forms are examined in the …

This paper presents evidence on the amount of price rigidity that exists in individual transaction prices. Using the … important findings are: 1.The degree of price rigidity in many industries is significant. It is not unusual in some industries … commodities, the correlation of price changes across buyers is very low. 3.There is no evidence that there is an asymmetry in …

consumer surplus bounds. In scanner data we find smaller panel elasticities than cross-section and that soda price increases …

charged to private payers after 1999. We find a downward trend in price for private pay patients in the 1990s and a rapid … the change in hospital market concentration. For example, the greatest price rises came from hospitals in monopoly and … cost increases due to the nursing staffing regulations are not large enough to account for the price increase, and the …