Warner, Elizabeth J; Barsky, Robert B - In: The Quarterly Journal of Economics 110 (1995) 2, pp. 321-52
We examine daily prices of eight goods at seventeen retail stores collected in Ann Arbor, Michigan, over a four-month period from November 1 to February 28. We focus on weekly and seasonal price patterns, and on the frequency of price markdowns or 'sales.' There were frequent markdowns in the...