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Causes of retail price fixity: an empirical analysis

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

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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Article provided by Elsevier in its journal Journal of Economics and Business.

Volume (Year): 56 (2004)
Issue (Month): 2 ()
Pages: 117-136

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Handle: RePEc:eee:jebusi:v:56:y:2004:i:2:p:117-136
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