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Relative Price Dispersion

Author

Listed:
  • Nicholas Trachter

    (Federal Reserve Bank of Richmond)

  • Leena Rudanko

    (Federal Reserve Bank of Philadelphia)

  • Guido Menzio

    (University of Pennsylvania)

  • Greg Kaplan

    (Princeton University)

Abstract

Using scanner data we document some interesting patterns of pricing. We document significant differences in (1) overall price levels across stores, and (2) deviations of individual prices from the store average price. We build a model of spatial price discrimination to explore these phenomena.

Suggested Citation

  • Nicholas Trachter & Leena Rudanko & Guido Menzio & Greg Kaplan, 2015. "Relative Price Dispersion," 2015 Meeting Papers 417, Society for Economic Dynamics.
    • Handle: RePEc:red:sed015:417
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    Cited by:

    1. Guido Menzio & Nicholas Trachter, 2018. "Equilibrium Price Dispersion Across and Within Stores," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 28, pages 205-220, April.
    2. Andrew Rhodes & Jidong Zhou, 2019. "Consumer Search and Retail Market Structure," Management Science, INFORMS, vol. 67(6), pages 2607-2623, June.
    3. Roldan-Blanco, Pau & Gilbukh, Sonia, 2021. "Firm dynamics and pricing under customer capital accumulation," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 99-119.
    4. Andres Drenik, 2017. "Pricing in Multiple Currencies in Domestic Markets," 2017 Meeting Papers 1418, Society for Economic Dynamics.

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