-intensive sectors asymmetrically: prices of labor-intensive goods change less than do prices of capital-intensive goods. In addition …, when prices are costly to adjust, more firms in the capital-intensive sectors optimally choose to update their prices than …

price inflation." Reset price inflation is the rate of change of all desired prices (including for goods that have not …

within an MSA. The resulting price indexes show a dramatic increase in both commercial and residential land prices over … several years prior to their peak in 2006-07 and a steep descent since then. These fluctuations in land prices are … considerably larger than those in well-known indexes of commercial real estate and house prices. Because those existing indexes …

product menus and prices. When product menus are endogenous, however, tests for price discrimination may be biased by the fact … that unobservables affecting costs or demand may jointly determine product menus and prices leading one to falsely infer … attributes, product menus, and prices. …