Browsing Department of Economics by Author "Pettersen, Per Marius"
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Time-Dependency in Producers’ Price Adjustments: Evidence from Micro Panel Data.
Nilsen, Øivind Anti; Pettersen, Per Marius; Bratlie, Joakim (DP SAM;12/2018, Working paper, 2018-06)Existing micro evidence of firms’ price changes tends to show a downward sloping hazard rate – the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of ...