Dutta, Shantanu; Bergen, Mark; Levy, Daniel - In: Journal of Economic Dynamics and Control 26 (2002) 11, pp. 1845-1900
– consisting of (i) actual retail transaction prices, (ii) actual wholesale transaction prices which represent both the retailers …’ costs and the prices received by manufacturers, and (iii) a measure of manufacturers’ costs – for 12 goods in two widely …: (i) the frequency of price changes, and (ii) the response of prices to exogenous cost changes. We find that retail prices …