The literature on costs of price adjustment has long argued that changing prices is a complex and costly process. In … this view, that besides observing costs of price adjustment, we should also expect to see firm-level investments in capital … the potential of fundamentally altering the way we think about pricing and price adjustment in many areas of economics. It …

The literature on costs of price adjustment has long argued that changing prices is a complex and costly process. In … this view, that besides observing costs of price adjustment, we should also expect to see firm-level investments in capital … the potential of fundamentally altering the way we think about pricing and price adjustment in many areas of economics. It …

, and after allowing for various lengths of lagged price adjustment. The findings are insensitive also to the measure of …. This range of consumer inattention, we argue, gives the retailers incentive for asymmetric price adjustment "in the small …

offer a new theory of asymmetric price adjustment, which can explain our findings. The theory, which is an extension of the … inattention, we argue, gives the retailers incentive for asymmetric price adjustment "in the small." These incentives, however …

, and after allowing for various lengths of lagged price adjustment. The findings are insensitive also to the measure of …. This range of consumer inattention, we argue, gives the retailers incentive for asymmetric price adjustment “in the small …

, and after allowing for various lengths of lagged price adjustment. The findings are insensitive also to the measure of …. This range of consumer inattention, we argue, gives the retailers incentive for asymmetric price adjustment "in the small …

the consistency of these correlations with three models of price adjustment: the partial adjustment model, a staggered … the partial adjustment model requires the highest ratio. These results reveal that the recent burst of researchers using … the partial adjustment model will find a larger role for supply shocks than alternative models of price rigidity …