Identifying Price Reviews by Firms: An Econometric Approach

Identifying Price Reviews by Firms: An Econometric Approach

Price reviews are a potentially costly activity. A significant fraction of unchanged prices may stem from firms not reviewing prices, rather than from obstacles to changing prices per se, such as menu costs. In this paper, we disentangle these two causes of price stickiness by estimating an inflated...

Full description

Bibliographic Details
Main Authors: Harris, Mark, Le Bihan, H., Sevestre, P.
Format: Journal Article
Language:English
Published: WILEY 2019
Subjects:
Social Sciences
Business, Finance
Economics
Business & Economics
C23
C25
E31
price stickiness
price reviews
price changes
inflated ordered probit model
COSTS
ADJUSTMENT
BEHAVIOR
MODELS
Online Access:http://hdl.handle.net/20.500.11937/78299

Internet

http://hdl.handle.net/20.500.11937/78299

Similar Items