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dc.contributor.authorDhyne, Emmanuelen
dc.contributor.authorFuss, Catherineen
dc.contributor.authorPesaran, Mohammad Hashemen
dc.contributor.authorSevestre, Patricken
dc.date.accessioned2007-12-18-
dc.date.accessioned2010-07-07T11:23:13Z-
dc.date.available2010-07-07T11:23:13Z-
dc.date.issued2007-
dc.identifier.piurn:nbn:de:101:1-20080401372en
dc.identifier.urihttp://hdl.handle.net/10419/34398-
dc.description.abstractThis paper presents a simple model of state-dependent pricing that allows identification of the relative importance of the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining the occurrence and magnitude of price changes at the outlet level. We find that infrequent price changes are not necessarily associated with large adjustment costs. Indeed, extrinsic rigidity appears to be significant in many cases. We also find that asymmetry in the price adjustment could be due to trends in marginal costs and/or desired mark-ups rather than asymmetric cost of adjustment bands.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x2793en
dc.subject.ddc330en
dc.subject.stwPreisrigiditäten
dc.subject.stwPreisen
dc.subject.stwAnpassungen
dc.subject.stwLebenshaltungsindexen
dc.subject.stwSchätzungen
dc.subject.stwBelgienen
dc.subject.stwFrankreichen
dc.titleLumpy price adjustments: a microeconometric analysis-
dc.type|aWorking Paperen
dc.identifier.ppn555510999en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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