We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand …

the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual … price quotes collected to calculate the Consumer Price Index in France and we estimate a price rigidity model based on a … through to retail prices. -- Price stickiness ; minimum wage ; inflation ; restaurant prices …

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 …

This paper investigates the link between product quality and price setting for central processing units (CPUs). Using … thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of … sellers, median price, share of convenient prices and level of seller stability, are important factors for explaining price …

-2020, we find for manufacturing establishments a gas price elasticity of labor demand of -0.02, likely reflecting a scale … effect. We also show that a rise in the gas price leads to an increase in establishment closure. A negative impact of the gas … price on wages of 2 percent is consistent with rent-sharing. …

own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just -0.2 to -0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …

This paper presents a simple model of state-dependent pricing that allows identification of the relative importance of … the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to …

This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …