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This study examines the dispersion in prices for homogeneous grocery products, and studies the effect of product characteristics, demographic characteristics of consumers, and market structure on search costs and price dispersion. The findings show that price dispersion is affected by search...
Persistent link: https://www.econbiz.de/10014601237
Nominal rigidities have an important role in macro models used for the analysis of monetary policy.Recently, attractive prices (also known as price points) have often been referred to as one important potential explanation of nominal rigidities.An increased interest on attractive prices as an...
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This study examines the dispersion in prices for homogeneous grocery products, and studies the effect of product characteristics, demographic characteristics of consumers, and market structure on search costs and price dispersion. The findings show that price dispersion is affected by search...
Persistent link: https://www.econbiz.de/10005246125
Nominal rigidities have an important role in macro models used for the analysis of monetary policy. Re-cently, attractive prices (also known as price points) have often been referred to as one important potential explanation of nominal rigidities. An increased interest on attractive prices as an...
Persistent link: https://www.econbiz.de/10005207146