goods from a major shopping platform, this paper explores how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price …

This paper shows that when agents learn from prices, large private uncertainty may result from a small amount of … heterogeneity. As in a Phelps-Lucas island model, final producers look at the prices of their local inputs to infer aggregate … conditions. However, market linkages between islands make the informativeness of local prices endogenous to general equilibrium …

the extent of price inertia across industrial sectors. We further allow for the possibility that some firms set prices to … maximise the discounted value of profits, while others set prices according to a backward-looking rule-ofthumb. We then … from 4 months to almost 1.5 years with significantly more inertia in the setting of durable goods prices. We also find that …

the extent of price inertia across industrial sectors. We further allow for the possibility that some firms set prices to … maximise the discounted value of profits, while others set prices according to a backward-looking rule-ofthumb. We then … from 4 months to almost 1.5 years with significantly more inertia in the setting of durable goods prices. We also find that …

goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price … adjustment. We document that although online prices are more flexible than offline prices, they continue to exhibit relatively …

goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price … adjustment. We document that although online prices are more flexible than offline prices, they continue to exhibit relatively …

' decisions to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … more frequently and by more than the price of a haircut because of the high volatility in wholesale gasoline prices … model to Ecuador to take advantage of inflation variations and the rich panel of monthly retail prices. …

We use micro data on product prices linked to information on the firms that set them to test for selection effects …