completely idiosyncratic price variation. My results suggest that most of the observed price variation arises from retail … that only 16% of the variation in prices is common across stores selling an identical product. 65% of the price variation … is common to stores within a particular retail chain (but not across retail chains), while 17% is completely …

substantial within-chain variation in price elasticities and suggests that the average chain sacrifices seven percent of profits … predictions of the model. As possible explanations for nearly-uniform pricing, we discuss advertising, tacit collusion, fairness … concerns, and managerial fixed costs, and find the most support for the last explanation. We show that the uniform pricing we …

rupiah. As a result, price competitive advantage by the rupiah depreciation was lost in the real exchange rate terms. The … effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period …

We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail … sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass … rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit …

Thi spaper is concerned with the risk-allocation effects of alternative types of contracts used to set the price of a … good tobe delivered in the future. Under a fixed price contract, the price is specified in advance. Under a spot price … contract, the price is the price prevailing in the spot market at the time of delivery.These contract forms are examined in the …

This paper presents evidence on the amount of price rigidity that exists in individual transaction prices. Using the … important findings are: 1.The degree of price rigidity in many industries is significant. It is not unusual in some industries … commodities, the correlation of price changes across buyers is very low. 3.There is no evidence that there is an asymmetry in …

consumer surplus bounds. In scanner data we find smaller panel elasticities than cross-section and that soda price increases …

charged to private payers after 1999. We find a downward trend in price for private pay patients in the 1990s and a rapid … the change in hospital market concentration. For example, the greatest price rises came from hospitals in monopoly and … cost increases due to the nursing staffing regulations are not large enough to account for the price increase, and the …

Though built with increasingly precise microfoundations, modern optimizing sticky price models have displayed a chronic … [2000]. This is an ironic finding, since Taylor [1980] and other researchers were motivated to study sticky price models in … standard view of the cyclical behavior of real marginal cost built into current sticky price macro models. Using both a small …