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 …

Recent works suggest that convenient prices that match monetary denominations exhibit above-average price rigidity and … prices. This finding confirms that price rigidity can be in part explained by the use of cash to pay convenient prices …

In this paper, we show that a simple model of smoothly state-dependent pricing generates a distribution of price … assumption: price adjustment is more likely when it is more valuable. The constant probability model (Calvo 1983) and the fixed … dependence. The fixed menu cost model is inconsistent with the evidence both because it never generates small price adjustments …

? Surprisingly, the empirical evidence on this question is scarce. We use 8 years of weekly scanner price data with over 98 million … price observations to document four findings. First, at the category level, 9-ending prices are usually higher, on average …' attention to particularly large price cuts during sales, which perhaps conditions the shoppers to associate 9-ending prices with …

Prices that end with 9, also known as psychological price points, are common, comprising about 70% of the retail prices … price ending that has the same effects as 9-endings. In January 2014, the Israeli government passed a new regulation …. Thus, 90-ending prices became the new psychological price points, partially eliminating the regulation's intended effect. …

the frequency of price changes, has increased in the recent years of protracted stagnation and double-dip recession. The … Consumer Price Index. We find that both the percentage of prices adjusted monthly and the average size of the adjustment have … price adjustment mechanism: for manufactures, price cuts have become larger and more frequent, while increases are more …

We report that the price of a 6.5 ounce Coke was 5 cents from 1886 until 1959. Thus, we are documenting a nominal price … regulatory interventions and lawsuits, which led to substantial changes in the Coca-Cola market conditions. The nickel price of … Company and its parent bottlers that encouraged retail price maintenance, (2) a single-coin vending machine technology, which …

from three large stores with different pricing-formats (EDLP/Hi-Lo/Hybrid) that are located within 1-km radius. Importantly …We study different notions of sale and regular prices, and their variability with store pricing-formats. We use data … combine these data with two “generated” regular price series and study their rigidity. Regular-price rigidity varies with …

inflation, in which only the intensive margin (the size of price increases) adjusts in response to changes in demand and supply …? We would like to emphasize that our highly disaggregated consumer price data for the Euro area, consisting of 280 … commodity categories, strongly suggests that price increases (inflation) are influenced not only by aggregate trends but also by …