Garrod, Luke; Li, Ruochen; Russo, Antonio; Wilson, … - 2026
analyzes cost pass-through within a framework that encompasses many models in the price dispersion literature where consumers …-concave (log-convex), i) cost pass-through rates of all expected purchase prices are less (greater) than one, ii) price dispersion …-through under price dispersion relates to demand shocks, changes with competition, and behaves under endogenous consideration sets. …