We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German … producer price index. We find a strong degree of monetary non-neutrality. After expansionary monetary policy, the mass of … additional price adjustments is economically small and the average absolute size across all price changes falls. The aggregate …

incentives for a firm to endogenously assume the price leader's role, and so to strategically manipulate its rival's price …. Prices and profits are non-monotonic in the length of the consumer list. For an intermediate size, price leadership entails a …

This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within …-firm synchronization is found supporting the theory of economies of scope in menu costs. The industry synchronization effects are found to … be larger than the benefit of responding to their competitors’ price changes. These findings have potentially important …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

This paper reports the results from a statistical analysis of pharmaceutical price negotiations in Germany, where the …' launch strategy (freely chosen first year price) still has a major impact on pricing while the impact of the additional …

price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level … and to protect them from sudden price fluctuations. Such regulations are already in place in several countries, but … whether they indeed help lower the overall fuel price level is unclear. In this paper, we study the effect of Austria’s Fuel …