أعرض تسجيلة المادة بشكل مبسط

dc.creator Levy, Daniel C.
dc.creator Chen, Haipeng (Allan)
dc.creator Ray, Sourav
dc.creator Bergen, Mark
dc.date 2007
dc.date.accessioned 2013-10-16T06:57:08Z
dc.date.available 2013-10-16T06:57:08Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17868
dc.identifier ppn:535021976
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17868
dc.description Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity?small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for the entire sample and for individual categories. We find that while inflation can explain some of the asymmetry, inflation is not the whole story as the asymmetry holds even after excluding inflationary periods from the data, and even for products whose price had not increased over the eight-year period. The findings hold for different measures of inflation and also after allowing for lagged price adjustments. We offer a consumer-based explanation for these findings.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1356
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D21
dc.subject D11
dc.subject L11
dc.subject M31
dc.subject E31
dc.subject D80
dc.subject ddc:330
dc.subject Asymmetric Price Adjustment
dc.subject Price Rigidity
dc.title Asymmetric Price Adjustment in the Small
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط