Nilsen, Øivind A.; Pettersen, Per Marius; Bratlie, Joakim - In: Review of Economics 69 (2018) 2, pp. 147-168
Abstract Existing micro evidence of firms ’ price changes tends to show a downward sloping hazard rate – the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and product-specific prices, we also find a...