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Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation
Fougère, Denis; Le Bihan, Hervé; Sevestre, Patrick - C.E.P.R. Discussion Papers - 2005
This paper examines heterogeneity in price stickiness using a large, original, set of individual price data collected …. The main findings are the following: i) cross-product and cross-outlet-type heterogeneity is pervasive, both in the shape …
Persistent link: https://www.econbiz.de/10005791301
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Heterogeneity in consumer price stickiness: a microeconometric investigation
Fougère, Denis; Le Bihan, Hervé; Sevestre, Patrick - 2005
This paper examines heterogeneity in price stickiness using a large, original, set of individual price data collected …. The main findings are the following: i ) cross-product and cross-outlet-type heterogeneity in both the shape of the hazard …
Persistent link: https://www.econbiz.de/10011604582
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The Timing of Price Changes and the Role of Heterogeneity
Kaufmann, Daniel - Schweizerische Nationalbank (SNB) - 2009
often find decreasing hazards, possibly due to misspecified or neglected heterogeneity. This paper attempts to disentangle … the downward bias into various sources: observed and unobserved heterogeneity which can be either constant or time … for price changes, we have to (i) control for time-varying heterogeneity in addition to cross-sectional factors and (ii …
Persistent link: https://www.econbiz.de/10008487539
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The Timing of Price Changes and the Role of Heterogeneity
Kaufmann, Daniel - Schweizerische Nationalbank (SNB) - 2010
often find decreasing hazards, possibly due to misspecified or neglected heterogeneity. This paper attempts to disentangle … the downward bias into various sources: observed and unobserved heterogeneity which can be either constant or time … for price changes, we have to (i) control for time-varying heterogeneity in addition to cross-sectional factors and (ii …
Persistent link: https://www.econbiz.de/10008925067
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Price duration using daily online data : time- or state-dependent?
Solórzano, Diego; Arango-Castillo, Lenin - 2024
Using daily retail prices gathered through web scraping in Mexico, we analyze if price changes can be characterized by time-dependent features, like the duration of the price spell, and/or by variables associated with the state of the economy. Through the lens of a duration model, we find...
Persistent link: https://www.econbiz.de/10015051661
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Heterogeneity in consumer price stickiness: a microeconometric investigation
Fougère, Denis; Le Bihan, Hervé; Sevestre, Patrick - European Central Bank - 2005
This paper examines heterogeneity in price stickiness using a large, original, set of individual price data collected …. The main findings are the following: i ) cross-product and cross-outlet-type heterogeneity in both the shape of the hazard …
Persistent link: https://www.econbiz.de/10005162882
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Duration Models and Point Processes
FOUGERE, DENIS; Florens, Jean-Pierre; Mouchart, Michel - Institute for the Study of Labor (IZA) - 2007
This survey is devoted to the statistical analysis of duration models and point processes. The first section introduces specific concepts and definitions for single-spell duration models. Section two is devoted to the presentation of conditional duration models which incorporate the effects of...
Persistent link: https://www.econbiz.de/10005763733
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Deserción estudiantil universitaria: una aplicación de modelos de duración
Vélez, Elkin Castaño; Gómez, Santiago Gallón; … - In: Lecturas de Economía (2004) 60, pp. 39-65
hazard models with and without unobserved heterogeneity; seem to provide evidence on the joint importance of these four …
Persistent link: https://www.econbiz.de/10005176755
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Price duration using daily online data: Time- or state-dependent?
Solórzano, Diego; Arango-Castillo, Lenin - 2024
Using daily retail prices gathered through web scraping in Mexico, we analyze if price changes can be characterized by time-dependent features, like the duration of the price spell, and/or by variables associated with the state of the economy. Through the lens of a duration model, we find...
Persistent link: https://www.econbiz.de/10015051823
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How Frequently Do Consumer Prices Change in Austria? Evidence from Micro CPI Data
Baumgartner, Josef; Glatzer, Ernst; Rumler, Fabio; … - 2005
14 months. We find a strong heterogeneity across sectors and products. Price increases occur only slightly more often …. Apart from heterogeneity across products and price setters, this is due to oversampling of products with a high frequency of … price changes. Accounting for the unobserved heterogeneity in estimating the probability of a price change with a panel …
Persistent link: https://www.econbiz.de/10013370018