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Menu costs, firm strategy, and price rigidity

✍ Scribed by Ann Owen; David Trzepacz

Book ID
117332276
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
39 KB
Volume
76
Category
Article
ISSN
0165-1765

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## Abstract We find that while some individual price changes are indeed β€˜small’, the average price change of different products within a store in any given month is not. Moreover, the smaller the price change of an individual product, the larger the average price change of the remaining products so