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Optimal Price Setting With Observation and Menu Costs

✍ Scribed by Alvarez, F. E.; Lippi, F.; Paciello, L.


Book ID
125419453
Publisher
MIT Press
Year
2011
Tongue
English
Weight
724 KB
Volume
126
Category
Article
ISSN
0033-5533

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Small price changes and menu costs
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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