Snir, Avichai; Chen, Haipeng; Levy, Daniel C. - 2021
find that 0-ending prices are less likely to adjust, and when they do adjust, the average adjustments are larger. These … findings suggest that price adjustment barriers associated with round prices are strong enough to cause a systematic delay in … price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month. …