firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut due to the high volatility in wholesale gasoline prices relative to …

firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut due to the high volatility in wholesale gasoline prices relative to …

firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between … goods and services in the consumption basket. For example, the price of gasoline at the retail pump is predicted to adjust … more frequently and by more than the price of a haircut due to the high volatility in wholesale gasoline prices relative to …

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. …

In many markets, the price of a good or service is flexible. Buyers can either buy at the posted price or attempt to … negotiate a lower price. A seller's decision about whether to allow flexible prices and subsequent outcome in these types of … flexible price markets depends, in large part, on buyer behavior. Furthermore, these markets are likely to feature substantial …

In recent years there has been a large increase in the empirical literature on price behavior. As new and detailed data … sets become available, we observe a number of important studies on the microeconomic fundamentals of price setting by firms … and supermarkets across Uruguay to analyze stylized facts about consumer price behavior. Our findings are as follows …