Small price changes and menu costs
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Saul Lach; Daniel Tsiddon
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Article
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2007
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John Wiley and Sons
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English
β 229 KB
## Abstract We find that while some individual price changes are indeed βsmallβ, 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