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 …

This paper evaluates the predictions of different price setting theories using a new dataset constructed from a large … on both price realizations and expectations. Aggregating the price data we find clear evidence in favor of state …-dependence; for periods of relatively high and volatile inflation not only the size of price changes (intensive margin) but also the …

Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically … explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a …

Only a few studies have analysed staggering and synchronisation in pricing behaviour of multi-product firms. These … that fixed or firm specific menu costs are not major causes for price stickiness. …

be very difficult in practice. This preliminary draft applies a new methodology combining a simple price correlation test …. But more importantly, price reactions are also influenced by regional or local market conditions as the price setting of …

. Without actually estimating menu costs, we can infer their relevance for firms' price setting decisions from observed pricing … behavior around a currency changeover. At a currency changeover, firms have to reprint their price tags (menus) independently … of whether or not they want to change prices. And if this is costly, firms' price setting behavior is altered in the …

. Without actually estimating menu costs, we can infer their relevance for firms' price setting decisions from observed pricing … behavior around a currency changeover. At a currency changeover, firms have to reprint their price tags (menus) independently … of whether or not they want to change prices. And if this is costly, firms' price setting behavior is altered in the …

This paper evaluates the impact of reference pricing on prices and co-payments in the (German) market for off …-patent pharmaceuticals. We present a theoretical model with price-sensitive and loyal consumers that shows that a decrease in the reference … price affects the consumers' co-payments in a non-monotonic way: For high reference prices, a marginally lower reference …