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 …

"posted" price for the arriving consumer but privately commits to change price infrequently. Note such pricing may … conspicuously implement personalized pricing because of concerns about consumer and regulatory reprisals. This paper proposes and … applies a method which disguises personalized pricing as dynamic pricing. Specifically, a firm can sometimes tailor the …

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 …

uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the … promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with … size of promotions. The sale price (i.e., the price paid by consumer purchasing on "sale") increased by 7% within two weeks …

price recommendations are strategically biased and lead to suboptimal pricing by human decision makers. We quantify the …We study the interaction between algorithmic advice and human decisions using high-resolution hotel-room pricing data …. We document that price setting frictions, arising from adjustment costs of human decision makers, induce a conflict of …

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 … gains from price decreases of equal magnitude. Price changes are evaluated relative to an endogenous reference price, which …

heavily dependent on the characteristics of the price-setting firms. The reforms generated bimodal price-change distributions …-segment indicators. Instead, differences appear to arise because independent restaurants aim for (very) crude price ranges rather than … fine-tuned optimized prices, whereas chains use more elaborate, coordinated pricing strategies. …

This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within … be larger than the benefit of responding to their competitors' price changes. These findings have potentially important …

dependence in the decisions of firms to raise, lower or leave their price constant. In addition, we seek to estimate the relative … importance of macroeconomic factors and firm-specific factors within state dependence. While price decreases can be well … explained by time dependence alone, price increases are best predicted by the interaction of time-dependent and firm …