scholarly journals The Roles of Price Points and Menu Costs in Price Rigidity

2019 ◽  
Author(s):  
Edward S. Knotek
Keyword(s):  
Price Rigidity ◽  
Menu Costs

Menu costs, firm size and price rigidity

2000 ◽  
Vol 66 (1) ◽  
pp. 59-63 ◽  
Author(s):  
Robert A Buckle ◽  
John A Carlson
Keyword(s):  
Firm Size ◽  
Price Rigidity ◽  
Menu Costs

scholarly journals Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model

2018 ◽  
Author(s):  
Erwan Gautier ◽  
Herve Le Bihan
Keyword(s):  
Cost Model ◽  
Price Rigidity ◽  
Menu Costs ◽  
Menu Cost

Menu costs, firm strategy, and price rigidity

2002 ◽  
Vol 76 (3) ◽  
pp. 345-349 ◽  
Author(s):  
Ann Owen ◽  
David Trzepacz
Keyword(s):  
Firm Strategy ◽  
Price Rigidity ◽  
Menu Costs

Regular Price Stickiness in German Food Retailing

2019 ◽  
Vol 18 (2) ◽  
Author(s):  
Patrick Sebastian Holzer ◽  
Thomas Bittmann
Keyword(s):  
Imperfect Competition ◽  
Price Rigidity ◽  
Private Labels ◽  
Food Retailing ◽  
Menu Costs ◽  
Price Stickiness ◽  
Price Changes ◽  
National Brands ◽  
German Food ◽  
Regular Price

AbstractThe present study investigates the underlying factors of price stickiness in German food retailing using fluid milk as a case study. We distinguish the duration between two actual price changes and two regular price changes as measures for price stickiness. Especially in the case of private labels, the choice of proxy for price rigidity has important implications. If we consider (regular) price changes, private label products are more (less) rigid than national brands. Price rigidity increases in the product’s average price. Prices of low priced private labels are rather flexible. Price adjustment of high priced private labels is similarly sluggish compared to national brands. We rationalize this finding with variable mark-ups under imperfect competition. In line with previous research, we find that price stickiness also depends on product attributes, retail formats, menu costs, psychological price points, and time-varying market conditions.

scholarly journals Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model

2020 ◽  
pp. 1-45
Author(s):  
Erwan Gautier ◽  
Hervé Le Bihan
Keyword(s):  
Monetary Policy ◽  
Cost Model ◽  
Structural Parameters ◽  
Price Rigidity ◽  
Time Varying ◽  
Menu Costs ◽  
Sector Model ◽  
Menu Cost ◽  
Monetary Shock ◽  
Substantial Degree

Sectoral heterogeneity matters for monetary policy. Using CPI microdata, we estimate for 227 products a time–varying menu-cost model to investigate the quantitative relevance of this heterogeneity. We find a substantial degree of cross-sectoral heterogeneity in all structural parameters. Heterogeneity in the Calvo component of the pricing friction is however the main source of heterogeneity in price rigidity. Cross-sectoral heterogeneity amplifies the output effect of a monetary shock by a factor of about 2.5, compared to a single-sector model estimated with mean moments. Heterogeneity in the Calvo parameter plays a key role in this amplification.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

Downward Nominal Price Rigidity and Earnings Persistence

2015 ◽  
Author(s):  
Jin Xie
Keyword(s):  
Price Rigidity ◽  
Earnings Persistence
Sign in / Sign up

Export Citation Format

Share Document