Ãlvarez, Luis Julián; Burriel, Pablo; Hernando, Ignacio - In: Economics Bulletin 31 (2011) 1, pp. 644-653
This note explains cross industry heterogeneity in the frequency of price adjustment. We use the quasi-maximum approach of Papke and Wooldridge (1996) to avoid the shortcomings of OLS regressions to analyse frequencies. We pay particular attention to the role of costs and market competition in...