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There is substantial evidence of minimum wage noncompliance in the US and the UK. In this paper, I compile new, comprehensive data on the costs minimum wage violators incur when detected. In both countries, the costs violators face upon detection are often little more than the money they saved...
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This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional … over the Internet. It includes more than 5 million daily price quotes downloaded from price comparison web sites in France … substantial heterogeneity in the frequency of price change across shop types and product categories. Fourth, the average price …
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Using a unique dataset of daily U.S. and U.K. price listings and the associated number of clicks for precisely defined … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price … long spells of fixed prices, large size, and low synchronization of price changes, considerable crosssectional dispersion …
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