necessarily associated with large adjustment costs. Indeed, extrinsic rigidity appears to be significant in many cases. We also … find that asymmetry in the price adjustment could be due to trends in marginal costs and/or desired mark-ups rather than … asymmetric cost of adjustment bands. …

-differences identification strategy. Firms' frequency of price adjustment did not change around the deregulation …

time, which we use in a difference-in-differences strategy. Firms' frequency of price adjustment did not change around the …

time, which we use in a difference-in-differences strategy. Firms' frequency of price adjustment did not change around the …

-in-differences strategy. Firms' frequency of price adjustment did not change around the deregulation …

time, which we use in a difference-in-differences strategy. Firms' frequency of price adjustment did not change around the …

necessarily associated with large adjustment costs. Indeed, extrinsic rigidity appears to be significant in many cases. We also … find that asymmetry in the price adjustment could be due to trends in marginal costs and/or desired mark-ups rather than … asymmetric cost of adjustment bands …

appear to play a significant role. We also find that asymmetry in the price adjustment may result from a trend in marginal …