The frequency and size of price adjustment: Microeconomic evidence

Attila Rátfai

doi:10.1002/mde.1381

The frequency and size of price adjustment: Microeconomic evidence

Attila Rátfai^*

^*Corresponding author for this work

Research output: Contribution to journal › Review Article › peer-review

Abstract (may include machine translation)

This paper presents direct, non-parametric microeconomic evidence on pricing behavior and evaluates the findings in light of theories of nominal price rigidity. The main issues examined include the durability of price quotations and the size of price changes. The analysis is based on a unique high-frequency panel data set of consumer prices recorded in 1993-1996 in Hungary. The results indicate that price adjustment patterns in the sample are primarily consistent with implications of two-sided (S,s) pricing models.

Original language	English
Pages (from-to)	751-762
Number of pages	12
Journal	Managerial and Decision Economics
Volume	28
Issue number	7
DOIs	https://doi.org/10.1002/mde.1381
State	Published - Oct 2007

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10.1002/mde.1381

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title = "The frequency and size of price adjustment: Microeconomic evidence",

abstract = "This paper presents direct, non-parametric microeconomic evidence on pricing behavior and evaluates the findings in light of theories of nominal price rigidity. The main issues examined include the durability of price quotations and the size of price changes. The analysis is based on a unique high-frequency panel data set of consumer prices recorded in 1993-1996 in Hungary. The results indicate that price adjustment patterns in the sample are primarily consistent with implications of two-sided (S,s) pricing models.",

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AB - This paper presents direct, non-parametric microeconomic evidence on pricing behavior and evaluates the findings in light of theories of nominal price rigidity. The main issues examined include the durability of price quotations and the size of price changes. The analysis is based on a unique high-frequency panel data set of consumer prices recorded in 1993-1996 in Hungary. The results indicate that price adjustment patterns in the sample are primarily consistent with implications of two-sided (S,s) pricing models.

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The frequency and size of price adjustment: Microeconomic evidence

Abstract (may include machine translation)

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