Advanced Search
MyIDEAS: Login to save this paper or follow this series

Heterogeneidad en la fijación de precios en Colombia: Análisis de sus determinantes a partir de modelos de conteo

Contents:

Author Info

  • Juan Carlos Parra A.
  • Martha Misas A.

    ()

  • Enrique López E.

    ()

Abstract

En este documento se estudian los determinantes de la heterogeneidad observada en la flexibilidad de precios, empleando los resultados encontrados en una encuesta directa por Misas et al. (2009). Para esto se utilizan los modelos de conteo y se diseñan e implementan un conjunto de pruebas de especificación y de selección de modelos que garantizan una correcta inferencia estadística. En términos generales, los determinantes más significativos a la hora de explicar el grado de flexibilidad de los precios, son las características del producto, los acuerdos contractuales y el sector económico al que pertenece la firma. Por su parte, técnicas de mercadeo, como la posibilidad de discriminar precios entre compradores, son menos significativas. También se encuentra que la existencia de leyes o decretos administrativos, la existencia de líderes en precios y los movimientos de costos no explican la heterogeneidad en el proceso de fijación de los precios.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.banrep.gov.co/docum/ftp/borra628.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 628.

as in new window
Length:
Date of creation:
Date of revision:
Handle: RePEc:bdr:borrec:628

Contact details of provider:
Postal: Cra 7 # 14-78 Piso 7
Phone: (57-1) 3431111
Fax: (57-1) 2841686
Email:
Web page: http://www.banrep.org/publicaciones/pub_borra.htm
More information through EDIRC

Related research

Keywords: Formación de precios; flexibilidad de precios; modelos de conteo; bootstrapping; Colombia. Classification JEL: C12; C21; C25; C51; E31; L10;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Richard Ruggles, 1955. "The Nature of Price Flexibility and the Determinants of Relative Price Changes in the Economy," NBER Chapters, National Bureau of Economic Research, Inc, in: Business Concentration and Price Policy, pages 441-505 National Bureau of Economic Research, Inc.
  2. Álvarez, Luis J. & Hernando, Ignacio, 2005. "The price setting behaviour of Spanish firms: evidence from survey data," Working Paper Series, European Central Bank 0538, European Central Bank.
  3. Juan Manuel Julio, 2010. "Heterogeneidad Observada y no Observada en la Formación de los Precios del Ipc Colombiano," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, BANCO DE LA REPÚBLICA - ESPE.
  4. Mark Bils & Peter J. Klenow, 2004. "Some Evidence on the Importance of Sticky Prices," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 112(5), pages 947-985, October.
  5. Rotemberg, Julio J, 1982. "Monopolistic Price Adjustment and Aggregate Output," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 49(4), pages 517-31, October.
  6. Benigno, Pierpaolo, 2004. "Optimal monetary policy in a currency area," Journal of International Economics, Elsevier, Elsevier, vol. 63(2), pages 293-320, July.
  7. repec:nbr:nberre:0126 is not listed on IDEAS
  8. Lombardo, Giovanni & Vestin, David, 2008. "Welfare implications of Calvo vs. Rotemberg-pricing assumptions," Economics Letters, Elsevier, Elsevier, vol. 100(2), pages 275-279, August.
  9. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, Elsevier, vol. 12(3), pages 383-398, September.
  10. Robert J. Gordon, 1981. "Output Fluctuations and Gradual Price Adjustment," NBER Working Papers 0621, National Bureau of Economic Research, Inc.
  11. Aoki, Kosuke, 2001. "Optimal monetary policy responses to relative-price changes," Journal of Monetary Economics, Elsevier, Elsevier, vol. 48(1), pages 55-80, August.
  12. Carlos Carvalho, 2005. "Heterogeneity in Price Setting and the Real Effects of Monetary Shocks," Macroeconomics, EconWPA 0509017, EconWPA, revised 12 Sep 2005.
  13. Martha Misas Arango & Enrique López Enciso & Juan Carlos Parra, 2009. "La formación de precios en las empresas colombianas: evidencia a partir de una encuesta directa," BORRADORES DE ECONOMIA 005735, BANCO DE LA REPÚBLICA.
  14. Dennis W. Carlton, 1986. "The Theory and the Facts of How Markets Clear: Is Industrial Organization Valuable for Understanding Macroeconomics?," University of Chicago - George G. Stigler Center for Study of Economy and State, Chicago - Center for Study of Economy and State 44, Chicago - Center for Study of Economy and State.
  15. Begoña Álvarez & Miguel A. Delgado, 2002. "Goodness-of-fit techniques for count data models: an application to the demand for dental care in Spain," Empirical Economics, Springer, Springer, vol. 27(3), pages 543-567.
  16. Daniel de Munnik & Kuan Xu, 2007. "Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms," Working Papers, Bank of Canada 07-31, Bank of Canada.
  17. Carvalho Carlos, 2006. "Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks," The B.E. Journal of Macroeconomics, De Gruyter, De Gruyter, vol. 6(3), pages 1-58, December.
  18. Donald W. K. Andrews, 1997. "A Conditional Kolmogorov Test," Econometrica, Econometric Society, Econometric Society, vol. 65(5), pages 1097-1128, September.
  19. Taylor, John B, 1980. "Aggregate Dynamics and Staggered Contracts," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 88(1), pages 1-23, February.
  20. Maria Melkersson & Dan-Olof Rooth, 2000. "Modeling female fertility using inflated count data models," Journal of Population Economics, Springer, Springer, vol. 13(2), pages 189-203.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Ana María Iregui B. & Ligia Alba Malo B. & María Teresa Ramírez G., 2011. "Wage Adjustment Practices and the Link between Price and Wages: Survey Evidence from Colombian Firms," BORRADORES DE ECONOMIA 008753, BANCO DE LA REPÚBLICA.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bdr:borrec:628. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Camilo Millán).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.