Existing empirical studies do not provide a unifying explanation for retail price fixity. However, economic hysteresis, or the persistence of an economic phenomenon after its initial cause has disappeared, offers a general explanation. Estimates of an empirical model of retail-price hysteresis using store-level scanner data support our hypothesis.Demand and Price Analysis,

Patterson, Paul M.

Richards, Timothy J.

English

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CAUSES OF RETAIL PRICE FIXITY: AN EMPIRICAL ANALYSIS

CAUSES OF RETAIL PRICE FIXITY: AN EMPIRICAL ANALYSIS

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