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Causes Of Retail Price Fixity: An Empirical Analysis

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  • Richards, Timothy J.
  • Patterson, Paul M.

Abstract

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.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2002 Annual meeting, July 28-31, Long Beach, CA with number 19841.

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Date of creation: 2002
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Handle: RePEc:ags:aaea02:19841

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Keywords: Demand and Price Analysis;

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