Fougère, Denis (contributor); Gautier, Erwan (contributor); … - 2008
strategy. More recent studies have used longer panel data. For instance, using BLS data,
McDonald and Aaronson (2006) �nd a … model that links restaurant prices to costs. By contrast, many
empirical studies of price adjustment approximate marginal …�erence-in-di�erences estimation
strategy.1 More recent studies have used longer panel data. For instance, using BLS data,
1Since the minimum wage in …