led the merging parties to reposition their assortment and increase average category prices. While the low-variety and low-price …

Existing micro evidence of firms' price changes tends to show a downward sloping hazard rate – the longer the price of … a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and … suggests time-dependent price-setting by at least some of the producers. The spike after 12 months might be explained by …

We assess empirically the micro-foundations of producers' sticky pricing behaviour. The intertemporal profit function … evidence of linear and fixed menu costs that account for inaction of price adjustment. Convex menu costs are statistically … (incomplete) synchronization of price changes …

We study how mandatory online disclosure of supermarket prices affects prices and price dispersion in brick … in price dispersion and a 4% to 5% drop in prices following the transparency regulation. The price drop varied across …, we show that prices declined as more consumers used price-comparison websites, and we highlight the role of media …

efficient firms are active. This is likely to lead to price increases, rather than decreases …

competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …

By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro … changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate …

We use detailed micro data to document a causal response of local retail price to changes in house prices, with … elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many … homeowners, and non-existent in zip codes with mostly renters. We provide evidence that these retail price responses are driven …

firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price … firms, controlling for known determinants of capital structure. Sticky-price firms increased leverage more than exible-price … time, which we use in a difference-in-differences strategy. Firms' frequency of price adjustment did not change around the …

This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a … production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price …, varying uncertainty about the macroeconomy can explain time variation in the oil price elasticity and hence in oil price …