price adjustment suggesting that pricing models should explicitly incorporate price setting at different production stages …This paper offers new insights on the price setting behaviour of German retail firms using a novel dataset that …' prices to several other firm-characteristics. Moreover, information on price expectations allow analyzing the determinants of …

the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … market as a whole, but of individual firms. For asymmetrically pricing stations, the asymmetry is substantial directly after …

We propose a model that reconciles microeconomic evidence of frequent and large price changes with sizable monetary non …. Additional relevant information is continuously available, and can be factored into pricing decisions at no cost. We estimate the … model by Simulated Method of Moments, using price-setting statistics for the U.S. economy. The model with free idiosyncratic …

bought for a large number of goods, in addition to consumer characteristics, we provide estimates of price elasticities of … demand and on the degree of demand-side real rigidities. We find that price elasticites of demand are about 4 in the median …

bought for a large number of goods, in addition to consumer characteristics, we provide estimates of price elasticities of … demand and on the degree of demand-side real rigidities. We find that price elasticities of demand are about 4 in the median …

' decisions to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut because of the high volatility in wholesale gasoline prices …

firms to adjust their prices. We develop a menu cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut due to the high volatility in wholesale gasoline prices relative to …

firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut due to the high volatility in wholesale gasoline prices relative to …

firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut due to the high volatility in wholesale gasoline prices relative to …