In this paper, we examine the role of inventory in the price-setting behavior of a distributive firm. Empirically, we … show that probability of price change has a positive relation to the scale of the retailer's storage and the frequency of … its bargain sales. We also show a negative relation between the frequency of bargain sales and the price elasticity of …

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 …

implications for real wage inequality, residential segregation, and future minimum wage increases. I also find that price rigidity …

Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices …, particularly an infinite mixture of Calvo pricing rules and truncation at specific horizons. Truncation is mainly a characteristic … of pricing in the service sector where it mostly takes the form of annual Taylor contracts typically renewed at the end …

Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices …, particularly an infinite mixture of Calvo pricing rules and truncation at specific horizons. Truncation is mainly a characteristic … of pricing in the service sector where it mostly takes the form of annual Taylor contracts typically renewed at the end …

Using Logistic Normal regressions, we model the price-setting behaviour for a large sample of Belgian consumer prices …, particularly an infinite mixture of Calvo pricing rules and truncation at specific horizons. Truncation is mainly a characteristic … of pricing in the service sector where it mostly takes the form of annual Taylor contracts typically renewed at the end …

How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical … identification strategy to estimate the elasticities of a firm's price response both to its own cost shocks and to the price changes …

How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical … identification strategy to estimate the elasticities of a firm's price response both to its own cost shocks and to the price changes …