Estimates of speed of convergence towards the Law of One Price (LOP) are potentially afflicted by three sources of bias: temporal aggregation; aggregation across goods; and short samples. I empirically assess the importance of temporal aggregation bias (while accounting for the other two sources...

In vertical relationships in which manufacturers and retailers bargain over a volatile surplus, negotiated wholesale prices determine both payoffs and risk-exposure. We use actual wholesale prices to study the profit-sharing and risk-sharing behavior of manufacturers and retailers in the coffee...

This paper uses a novel scanner data set to study price setting decisions of major retailers in an emerging market economy. I find evidence of heterogeneous pricing dynamics across retail chains. Heterogeneity is especially pronounced in the case of posted (as opposed to reference) prices....