evidence of linear and fixed menu costs that account for inaction of price adjustment. Convex menu costs are statistically … (incomplete) synchronization of price changes …

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 …

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 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 …

-patterns of reserve price formation. We find that chosen reserve prices exhibit both, very sophisticated and 'irrational' behavior … (2008) and are adjusted remarkably nuanced to the resulting sales price pattern. Moreover, reserve prices are too clustered … entitlement effects and the sunk cost fallacy as there is a huge positive effect on the reserve price when the player has been …

This paper investigates how financial market imperfections and the frequency of price adjustment interact. Based on new … frictions changes profits and the price distribution of firms compared to a model without financial frictions. Our results …. Moreover, in response to aggregate shocks, aggregate price rigidity moves substantially, the response of inflation is dampened …

We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks … to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from … as large as those arising from an aggregate productivity shock. Heterogeneous price rigidity amplifies the aggregate …

In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or …-sector New-Keynesian model. Here, the degree of overall durables price stickiness is not dramatically lower than that of …

Economists have long suspected that firm-to-firm relationships might increase price rigidity due to the use of explicit … or implicit fixed-price contracts. Using transaction-level import data from the U.S. Census, I study the responsiveness … - can influence price exibility and hence the effectiveness of monetary policy …

In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on … competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand …