Show simple item record

dc.contributor.authorLetterie, Wilko
dc.contributor.authorNilsen, Øivind A.
dc.date.accessioned2017-01-18T07:33:22Z
dc.date.available2017-01-18T07:33:22Z
dc.date.issued2016-12
dc.identifier.urihttp://hdl.handle.net/11250/2427576
dc.description.abstractWe assess empirically the micro-foundations of producers’ sticky pricing behaviour. We account for various functional forms of menu costs. The focus is on the analysis of multiproduct plants, and the menu costs therefore also allow for economies of scope. The structural model developed is tested using monthly product- and plant-specific producer prices for Norwegian plants. We find evidence of linear and fixed menu costs that account for inaction of price adjustment. Convex menu costs are statistically significant but of moderate importance. Finally, our estimates suggest economies of scope in adjusting prices resulting in (incomplete) synchronization of price changes.nb_NO
dc.language.isoengnb_NO
dc.publisherInstitutt for samfunnsøkonomi, NHHnb_NO
dc.relation.ispartofseriesDP SAM;21
dc.subjectPrice Setting, Micro Data, Multiproduct Firmsnb_NO
dc.titlePrice Changes - Stickiness and Internal Coordination in Multiproduct Firms.nb_NO
dc.typeWorking papernb_NO
dc.source.pagenumber38nb_NO


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record