Zbaracki, Mark; Bergen, Mark; Dutta, Shantanu; Levy, Daniel - EconWPA - 2005
this view, that besides observing costs of price adjustment, we should also expect to see firm-level investments in capital … expenditures into these “pricing” production processes. We coin the term “pricing capital” for these investments, and suggest that … of the existence as well as the importance of pricing capital in firms. The existence of firm-level “pricing capital” has …