IDEAS home Printed from https://ideas.repec.org/p/col/000416/008301.html
   My bibliography  Save this paper

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

Author

Listed:
  • Martha Misas A.

    ()

  • Juan Carlos Parra A.

    ()

  • Enrique López E.

    ()

Abstract

En este documento se estudian los determinantes de la heterogeneidad observada en laflexibilidad de precios, empleando los resultados encontrados en una encuesta directa por Misaset al. (2009). Para esto se utilizan los modelos de conteo y se diseñan e implementan unconjunto de pruebas de especificación y de selección de modelos que garantizan una correctainferencia estadística. En términos generales, los determinantes más significativos a la hora deexplicar el grado de flexibilidad de los precios, son las características del producto, los acuerdoscontractuales y el sector económico al que pertenece la firma. Por su parte, técnicas demercadeo, como la posibilidad de discriminar precios entre compradores, son menossignificativas. También se encuentra que la existencia de leyes o decretos administrativos, laexistencia de líderes en precios y los movimientos de costos no explican la heterogeneidad en elproceso de fijación de los precios.

Suggested Citation

  • Martha Misas A. & Juan Carlos Parra A. & Enrique López E., 2011. "Heterogeneidad en la fijación de precios en Colombia: análisis de sus determinantes a partir de modelos de conteo," VNIVERSITAS ECONÓMICA 008301, UNIVERSIDAD JAVERIANA - BOGOTÁ.
  • Handle: RePEc:col:000416:008301
    as

    Download full text from publisher

    File URL: http://cea.javeriana.edu.co/documents/153049/2786252/Vol.11_2_2011.pdf/4644ecc5-510d-4414-83a9-aa3a01ba0887
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Mark Bils & Peter J. Klenow, 2004. "Some Evidence on the Importance of Sticky Prices," Journal of Political Economy, University of Chicago Press, vol. 112(5), pages 947-985, October.
    2. Vestin, David & Lombardo, Giovanni, 2007. "Welfare implications of Calvo vs. Rotemberg pricing assumptions," Working Paper Series 770, European Central Bank.
    3. Benigno, Pierpaolo, 2004. "Optimal monetary policy in a currency area," Journal of International Economics, Elsevier, vol. 63(2), pages 293-320, July.
    4. Gordon, Robert J, 1981. "Output Fluctuations and Gradual Price Adjustment," Journal of Economic Literature, American Economic Association, vol. 19(2), pages 493-530, June.
    5. Aoki, Kosuke, 2001. "Optimal monetary policy responses to relative-price changes," Journal of Monetary Economics, Elsevier, vol. 48(1), pages 55-80, August.
    6. Taylor, John B, 1980. "Aggregate Dynamics and Staggered Contracts," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 1-23, February.
    7. 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 Republica de Colombia, vol. 28(63), pages 66-99, Diciembre.
    8. Carlos Carvalho, 2005. "Heterogeneity in Price Setting and the Real Effects of Monetary Shocks," Macroeconomics 0509017, EconWPA, revised 10 Oct 2005.
    9. Hernando, Ignacio & Álvarez, Luis J., 2005. "The price setting behaviour of Spanish firms: evidence from survey data," Working Paper Series 538, European Central Bank.
    10. Carlton, Dennis W., 1989. "The theory and the facts of how markets clear: Is industrial organization valuable for understanding macroeconomics?," Handbook of Industrial Organization,in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 15, pages 909-946 Elsevier.
    11. Richard Ruggles, 1955. "The Nature of Price Flexibility and the Determinants of Relative Price Changes in the Economy," NBER Chapters,in: Business Concentration and Price Policy, pages 441-505 National Bureau of Economic Research, Inc.
    12. Daniel de Munnik & Kuan Xu, 2007. "Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms," Staff Working Papers 07-31, Bank of Canada.
    13. Maria Melkersson & Dan-Olof Rooth, 2000. "Modeling female fertility using inflated count data models," Journal of Population Economics, Springer;European Society for Population Economics, vol. 13(2), pages 189-203.
    14. Donald W. K. Andrews, 1997. "A Conditional Kolmogorov Test," Econometrica, Econometric Society, vol. 65(5), pages 1097-1128, September.
    15. Martha Misas A. & Enrique López E. & Juan Carlos Parra A., 2013. "La formación de precios en las empresas colombianas: evidencia a partir de una encuesta directa," Investigación Conjunta-Joint Research,in: Laura Inés D'Amato & Enrique López Enciso & María Teresa Ramírez Giraldo (ed.), Dinámica inflacionaria, persistencia y formación de precios y salarios, edition 1, chapter 11, pages 273-348 Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    16. Carvalho Carlos, 2006. "Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks," The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(3), pages 1-58, December.
    17. 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, vol. 27(3), pages 543-567.
    18. Julio J. Rotemberg, 1982. "Monopolistic Price Adjustment and Aggregate Output," Review of Economic Studies, Oxford University Press, vol. 49(4), pages 517-531.
    19. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
    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


    Cited by:

    1. Iregui B., Ana Maria & Melo B., Ligia Alba & Ramírez G., María Teresa, 2012. "Wage Adjustment Practices and the Link between Price and Wages: Survey Evidence from Colombian Firms," REVISTA LECTURAS DE ECONOMÍA, UNIVERSIDAD DE ANTIOQUIA - CIE, June.

    More about this item

    Keywords

    Formación de precios; flexibilidad de precios; modelos de conteo; bootstrapping; Colombia;

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:col:000416:008301. 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: (Mayerly Galindo Rodriguez). General contact details of provider: .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.