even when they offer little transaction convenience. We corroborate these findings with two large retail scanner price …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

prices, we show that the effect of the new policy was twofold. First, it facilitated price alignment and coordination on … price changes. After the policy change, the observed pricing pattern shifted from cost-based to sticky-leadership pricing … significantly increase prices through sticky-leadership pricing. Our paper highlights the importance of price-commitment by a large …