Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2007
up involves modelling of the price changes as a non-linear dynamic
panel model with unobserved common effects, which … conclusions of these studies is the existence of a significant
degree of heterogeneity in the degree of price flexibility across … (2004) also document a high degree of het-
erogeneity in the duration of price spells (and hence in the frequency of price …