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 …

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 … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …

" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … equilibrium setting (in which real variables not only affect inflation, but are also influenced by it), standard wage-price …

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 …

price rigidity. Reputation powerfully amplifies the positive effects of social preferences on contract enforcement by … interactions, suggesting that it may aggravate price rigidities. Surprisingly, reputation in fact weakens the wage and price …. -- Reputation ; reciprocity ; relational contracts ; price rigidity ; wage rigidity …

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

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

Large international differences in the price of labor can be sustained by differences between workers, or by natural … and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad ….S. immigrant workers and workers in their 42 home countries. The average price equivalent of migration barriers in this setting …