Temporal distribution of individual price changes is of crucial importance for business cycle theory and for the micro …-foundations of price adjustment. While it is routinely assumed that price changes are staggered over time, both theory and evidence … are ambiguous. We use a large Belgian data set to analyze whether price changes are staggered or synchronized. We find …

with above-average price rigidity …

Cost ; Managerial and Customer Cost of Price Adjustment ; Pricing ; Price System ; Price Setting ; New Keynesian Economics …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 …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

. Retail stores synchronize price changes around occasional "peak" days when they reprice around 10% of their products. To … assess aggregate implications of partial price synchronization, we develop a new model in which multi-product firms face … economies of scope in price adjustment, and synchronization is endogenous. Synchronization of price changes attenuates the …

the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … market as a whole, but of individual firms. For asymmetrically pricing stations, the asymmetry is substantial directly after …

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. …

We propose a model that reconciles microeconomic evidence of frequent and large price changes with sizable monetary non …. Additional relevant information is continuously available, and can be factored into pricing decisions at no cost. We estimate the … model by Simulated Method of Moments, using price-setting statistics for the U.S. economy. The model with free idiosyncratic …

In this paper, we examine the role of inventory in the price-setting behavior of a distributive firm. Empirically, we … show that probability of price change has a positive relation to the scale of the retailer's storage and the frequency of … its bargain sales. We also show a negative relation between the frequency of bargain sales and the price elasticity of …