IDEAS home Printed from https://ideas.repec.org/a/ukb/journl/y2019i248p4-10.html
   My bibliography  Save this article

Price-Setting in Ukraine: Evidence from Online Prices

Author

Listed:
  • Anastasiia Antonova

    (National Bank of Ukraine
    Aix-Marseille School of Economics)

Abstract

This study examines price duration and price-setting mechanisms in Ukraine using web-scraped prices. I found that the mean average duration of prices is about 2 months. Average price duration is lower for those products that are more exposed to temporary price changes (sales). Moreover, imported goods have a higher average price duration compared to domestic goods. In terms of the price-setting mechanism, the data supports timedependent price setting behavior over state-dependent. The evidence of time-dependent price setting is 1) the size of price change being positively related to the age of price; 2) many price changes of a size close to zero; and 3) the hazard function being non-increasing for the whole sample and tends to be flatter within relatively homogeneous groups of products..

Suggested Citation

  • Anastasiia Antonova, 2019. "Price-Setting in Ukraine: Evidence from Online Prices," Visnyk of the National Bank of Ukraine, National Bank of Ukraine, issue 248, pages 4-10.
    • Handle: RePEc:ukb:journl:y:2019:i:248:p:4-10
    DOI: 10.26531/vnbu2019.248.01
    as

    Download full text from publisher

    File URL: https://journal.bank.gov.ua/en/article/2019/248/01
    Download Restriction: no
    File URL: http://journal.bank.gov.ua/uploads/articles/248_1_Antonova.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26531/vnbu2019.248.01?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

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


    Cited by:

    1. Anton Grui & Nicolas Aragon & Oleksandr Faryna & Dmytro Krukovets & Kateryna Savolchuk & Oleksii Sulimenko & Artem Vdovychenko & Oleksandr Zholud, 2023. "Between russian Invasions: The Monetary Policy Transmission Mechanism in Ukraine in 2015-2021," Working Papers 02/2023, National Bank of Ukraine.

    More about this item

    Keywords

    online prices; sticky prices; price duration; price-setting scheme;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ukb:journl:y:2019:i:248:p:4-10. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Research Unit (email available below). General contact details of provider: https://edirc.repec.org/data/nbugvua.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.