Gorodnichenko, Yuriy; Sheremirov, Viacheslav; Talavera, … - 2015 - This version: January 2015
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 …