inding is that product prices almost do not vary within stores of a chain (i.e., uniform pricing). We also find that prices …. To study the impact of uniform pricing on both consumers and firms, this paper uses a tractable model based on the trade … literature. Motivated by our empirical findings, each firm has to set the same price in both regions. Relative to a …

characterized by a higher ex-ante unit price, a smaller number of suppliers, and purchased by a smaller number of public …

pricing both within and across regions - i.e., product prices almost do not vary within stores of a chain. Uniform pricing … local labor market conditions. We study the impact of uniform pricing on estimates of local and aggregate consumption … elasticities in a tractable two-region model in which firms have to set the same price in all regions. The estimated model predicts …

In the data, a sizable fraction of price changes are temporary price reductions referred to as sales. Existing models … include no role for sales. Hence, when confronted with data in which a large fraction of price changes are sales related, the … models must either exclude sales from the data or leave them in and implicitly treat sales like any other price change. When …