Multi-Product Pricing: Theory and Evidence from Large Retailers

dc.contributor.authorMARCO ANTONIO CESAR BONOMO
dc.contributor.authorCarvalho, Carlos
dc.contributor.authorKryvtsov, Oleksiy
dc.contributor.authorRibon, Sigal
dc.contributor.authorRigato, Rodolfo
dc.coverage.paisNão Informadopt_BR
dc.creatorCarvalho, Carlos
dc.creatorKryvtsov, Oleksiy
dc.creatorRibon, Sigal
dc.creatorRigato, Rodolfo
dc.date.accessioned2024-02-07T19:42:49Z
dc.date.available2024-02-07T19:42:49Z
dc.date.issued2023
dc.description.abstractWe study a unique dataset with comprehensive coverage of daily prices in large multi-product retailers in Israel. Retail stores synchronise price changes around occasional ‘peak’ days when they reprice around 10% of their products. To assess aggregate implications of partial price synchronisation, we develop a new model in which multi-product firms face economies of scope in price adjustment, and synchronisation is endogenous. Synchronisation of price changes attenuates the average price response to monetary shocks, but only high degrees of synchronisation can substantially strengthen the real effects of monetary policy shocks. Our calibrated model generates real effects similar in magnitude to those in M. Golosov, and R.E. Lucas, Journal of Political Economy (2007), vol. 115, pp. 171–99.pt_BR
dc.description.notesProdução vinculada ao Insper Conhecimento.pt_BR
dc.format.extentp. 905–927pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doi10.1093/ej/ueac088pt_BR
dc.identifier.issn1468-0297pt_BR
dc.identifier.issn0013-0133pt_BR
dc.identifier.issue651pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/6411
dc.identifier.volume133pt_BR
dc.language.isoInglêspt_BR
dc.publisherJohn Wiley & Sons, Ltd.pt_BR
dc.publisherRoyal Economic Societypt_BR
dc.relation.ispartofThe Economic Journalpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.titleMulti-Product Pricing: Theory and Evidence from Large Retailerspt_BR
dc.typejournal article
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublicationd54ec806-4e91-4f4f-8724-e3a23d67b3aa
relation.isAuthorOfPublication.latestForDiscoveryd54ec806-4e91-4f4f-8724-e3a23d67b3aa
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