| Autor: |
Wilko Letterie, Øivind A. Nilsen |
| Přispěvatelé: |
Organisation,Strategy & Entrepreneurship, RS: GSBE Theme Creativity, Innovation & Entrepreneurship, RS: GSBE Theme Conflict & Cooperation, RS: GSBE Theme Data-Driven Decision-Making, RS: GSBE other - not theme-related research |
| Jazyk: |
angličtina |
| Rok vydání: |
2022 |
| Předmět: |
|
| Zdroj: |
Economica, 89(355), 746-769. Wiley-Blackwell |
| ISSN: |
0013-0427 |
| Popis: |
This paper investigates the micro-foundations of pricing behaviour using monthly producer prices for Norwegian multi-product firms. We find both infrequent and many small price changes together with a high degree of within-firm synchronization. This points at fixed menu costs featuring scope economies, at additional linear and convex price adjustment costs, and at the presence of firm-specific shocks. The structural estimates and a simulation support the view that in order to understand pricing behaviour and the effectiveness of monetary policy, the analysis of multi-product firms and a richer price adjustment technology in the intermediate goods sector is valuable. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
|
Plný text