Five Facts About Prices: A Reevaluation of Menu Cost Models

Pricing
Written By Rowdy Ferret Design

Five Facts About Prices: A Reevaluation of Menu Cost Models (with Emi Nakamura)

Quarterly Journal of Economics, 123(4), 1415-1464, November 2008.

Frequency of Price Change by ELI: ELI table (PDF) -- ELI table (Excel)

Supplementary Material: More Facts About Prices

Tables in Excel: Tables from Paper -- Tables from Supplement (Excel)

The median frequency of non-sale price changes is only half of what it is including sales. The median implied duration of regular prices is between 8 and 11 months. 

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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Monetary Non-Neutrality in a Multi-Sector Menu Cost Model