The Magnitude of Menu Costs: Direct Evidence from Large U. S. Supermarket Chains
- 1 August 1997
- journal article
- research article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 112 (3) , 791-824
- https://doi.org/10.1162/003355397555352
Abstract
We use store-level data to document the exact process of changing prices and to directly measure menu costs at five multistore supermarket chains. WeAll Related Versions
This publication has 26 references indexed in Scilit:
- Aggregation and Optimization with State-Dependent PricingEconometrica, 1997
- Branded Variants: A Retail PerspectiveJournal of Marketing Research, 1996
- A sticky-price manifestoCarnegie-Rochester Conference Series on Public Policy, 1994
- EDLP, Hi-Lo, and Margin ArithmeticJournal of Marketing, 1994
- WHY DO FIRMS CONTRIVE SHORTAGES? THE ECONOMICS OF INTENTIONAL MISPRICINGEconomic Inquiry, 1994
- Menu Costs and the Neutrality of MoneyThe Quarterly Journal of Economics, 1987
- The frequency of price adjustmentJournal of Econometrics, 1986
- A Near-Rational Model of the Business Cycle, With Wage and Price InertiaThe Quarterly Journal of Economics, 1985
- Price Adjustments with Stochastic InflationInternational Economic Review, 1983
- Sticky Prices in the United StatesJournal of Political Economy, 1982