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Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets

Zbaracki, Mark; Ritson, Mark; Levy, Daniel; Dutta, Shantanu - EconWPA - 2004

We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of … price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs … total, the price adjustment costs comprise 1.22 percent of the company’s revenue and 20.03 percent of the company’s net …

Persistent link: https://www.econbiz.de/10005076839

Heterogeneity in Price Rigidity: Evidence from a Case Study Using Micro-Level Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. We find that prices exhibit more rigidity in response to the second shock than the first. The...

Persistent link: https://www.econbiz.de/10005412696

Price Adjustment at Multiproduct Retailers

Levy, Daniel; Dutta, Shantanu; Bergen, Mark; Venable, Robert - EconWPA - 2005

We empirically study the price adjustment process at multiproduct retail stores. We use a unique store level data set … adjustment decisions are made, factors affecting the price adjustment decisions, and firm-level implications of price adjustment … setting and adjustment, along with the competitive market structure of the retail grocery industry, influence the frequency of …

Persistent link: https://www.econbiz.de/10005412912

Price and investment dynamics : theory and plant level data

Lundin, Magnus; Gottfries, Nils; Bucht, Charlotte; … - 2007 - rev.

We construct a model of a firm competing for market share in a customer market and making investments in physical capital. The firm is financially constrained and there are implementation lags in investment. Our model predicts that product prices should depend on costs and competitors' prices,...

Persistent link: https://www.econbiz.de/10010128004

Evaluating microfoundations for aggregate price rigidities : evidence from matched firm-level data on product prices and unit labor cost

Carlsson, Mikael; Nordström Skans, Oskar - 2009

Using data on product-level prices matched to the producing firm´s unit labor cost, we reject the hypothesis of a full and immediate pass-through of marginal cost. Since we focus on idiosyncratic variation, this does not fit the predictions of the Ma´ckowiak and Wiederholt (2009) version of...

Persistent link: https://www.econbiz.de/10003874023

Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)

Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...

Persistent link: https://www.econbiz.de/10005836083

Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.

Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.

Persistent link: https://www.econbiz.de/10011107663

Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," by Fabiani, S., et al. (2004)

Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2004

Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence" by S. Fabiani, M. Druant, I. Hernando, C. Kwapil, B. Landau, C. Loupias, F. Martins, T. Mathä, R. Sabbatini, H. Stahl, and A. Stockman (2004); Presented at the Inflation Persistence Network (IPN) Conference on...

Persistent link: https://www.econbiz.de/10005789749

Market structure and cost pass-through in retail

Hong, Gee Hee; Li, Nicholas - 2013

We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...

Persistent link: https://www.econbiz.de/10009714472

Price setting and price adjustment in some European Union countries : introduction to the special issue

Levy, Daniel C. (contributor) - 2010 - Last rev.: February 11, 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are … European Central Bank's Inflation Persistence Network. -- Price Rigidity ; Price Flexibility ; Cost of Price Adjustment ; Menu … Cost ; Managerial and Customer Cost of Price Adjustment ; Pricing ; Price System ; Price Setting ; New Keynesian Economics …

Persistent link: https://www.econbiz.de/10008771546