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Price-setting in the French manufacturing sector : New evidence from survey data

Author

Listed:
  • Claire Loupias
  • Roland Ricart

Abstract

This paper reports the results of a survey conducted by the Banque de France during winter 2003-2004 to investigate the price-setting behaviour of French manufacturing companies. Prices are found to adjust infrequently; the median firm modifies the price of its main product only once a year. Price reviews are more frequent than price changes; as the median firm reviews the price quarterly. Firms are found to follow either timedependent, state-dependent or both pricing rules. Coordination failure and nominal contracts (either written or implicit) are the most important sources of price stickiness, while pricing thresholds and physical menu costs appear to have no influence.

Suggested Citation

  • Claire Loupias & Roland Ricart, 2006. "Price-setting in the French manufacturing sector : New evidence from survey data," Revue d'économie politique, Dalloz, vol. 116(4), pages 541-554.
    • Handle: RePEc:cai:repdal:redp_164_0541
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    Citations

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    Cited by:

    1. Mark N. Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(2-3), pages 293-322, March.
    2. Dhyne, Emmanuel & Fuss, Catherine & Pesaran, M. Hashem & Sevestre, Patrick, 2011. "Lumpy Price Adjustments: A Microeconometric Analysis," Journal of Business & Economic Statistics, American Statistical Association, vol. 29(4), pages 529-540.
    3. Claire Loupias & Patrick Sevestre, 2013. "Costs, Demand, and Producer Price Changes," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 315-327, March.
    4. Harald Stahl, 2010. "Price adjustment in German manufacturing: evidence from two merged surveys," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 67-92.
    5. Angela Acocella & Chris Caplice & Yossi Sheffi, 2022. "The end of 'set it and forget it' pricing? Opportunities for market-based freight contracts," Papers 2202.02367, arXiv.org.
    6. Montornès, Jérémi & Sauner-Leroy, Jacques-Bernard, 2009. "Wage-setting behavior in France: additional evidence from an ad-hoc survey," Working Paper Series 1102, European Central Bank.

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