Time- or state-dependent price setting rules? Evidence from micro data

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Price Setting in Iran: Some Stylized Facts from CPI Micro Data

Understanding the degree of price stickiness and the nature of price setting is necessary for analyzing the effects of monetary policy on economy. To the best of our knowledge, no comprehensive study has examined the degree of price stickiness in Iran yet. For this reason, we examine the basic features of retail price setting behavior using a large data set containing the micro data underly...

متن کامل

Heterogeneity in Price Rigidity: Evidence from Primary Micro-Level Data*

We combine two unique data sets to document and explain a time varying price rigidity. The first data set consists of the time series of actual retail and wholesale transaction prices, and a measure of upstream commodity cost for 12 products in refrigerated and frozen orange juice categories collected weekly over a three-year period, 1989–1992, at a large midwestern supermarket chain. A special...

متن کامل

Price convergence in the EMU? Evidence from micro data

The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on washing machine prices and sales volumes for 17 European countries. A hedonic regression yields coun...

متن کامل

The Effects of Exchange Rate changes and Fluctuations on Price-Setting in Manufacturing Sector: Applying Price Micro Data

This paper uses monthly price indices of 448 items of manufacturing sector in 2004:4 to 2016:01, to study the effect of exchange rate and its volatilities on price setting behavior of manufacturing sectors. Given that, many manufacturing sectors in Iran need to import raw materials, intermediate and capital goods in their production process, it is expected that exchange rate variations affect p...

متن کامل

Price-setting by Committee: Evidence from Medicare

A committee of physicians sets prices for physician services in Medicare. We investigate whether the composition of this committee leads to prices biased in favor of its members. We find evidence of regulatory capture: increasing a measure of affiliation between the committee and proposers by one standard deviation increases prices by 10%. We then evaluate the effect of affiliation on the quali...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: European Economic Review

سال: 2007

ISSN: 0014-2921

DOI: 10.1016/j.euroecorev.2007.03.004