responses to rivals' price advertising and find that small, non-advertising stores raise their prices of products advertised by … rivals beyond their baseline price increase, while larger, advertising stores raise by less their prices of rival …-advertised products. We find no reductions in price dispersion across stores with the introduction of price advertising. However, those …

The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past … history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that … menu-cost model as a literal description of these firms' behavior, arguing instead that price stickiness arises from …

previous research has indicated. That is, seasonal price movements have become more prominent in the relatively stable … in prices differs greatly by item, making it difficult to generalize about seasonal price movements. A casual reading …

We use microdata underlying U.S. consumer, producer and import price indices to document how the distribution of price … policy? Using a flexible accounting framework which collapses the high-dimensional distribution of price changes into a … single measure of aggregate price flexibility, we show that flexibility is highly variable and countercyclical …

relationship between price declines and volume increases upon LOE holds among these drugs. First, we examine the extent to which … utilization subsequent to LOE. We observe substantial price erosion after generic entry; average monthly price declines appear to …