The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
The frequency of price adjustment
Open accessAbstract
Data on the newsstand prices of American magazines is used to investigate the determinants of the frequency of nominal price change. Magazine price changes, often coming after real prices have fallen by one quarter, provide strong evidence for monopolistic sticky price models. The data is examined by applying a fixed effects logit specification to the price change rule implied by a target-threshold model of a firm facing general price inflation, an uncertain future and costly nominal adjustment. The essay concludes that higher inflation leads to more frequent price adjustment and that the real cost of price changes varies with the size of a real price change.
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Citations
Cites
Specification Tests in Econometrics
Hausman, J. A. (1978) · Econometrica · doi:10.2307/1913827 · Cited by 18,820
A Model of the Demand for Money by Firms
Miller, M. H., & Orr, D. (1966) · The Quarterly Journal of Economics · doi:10.2307/1880728 · Cited by 1,340
Cited by
Scraped data and sticky prices
Cavallo, A. (2018) · The Review of Economics and Statistics · doi:10.1162/rest_a_00652 · Cited by 135
Chandra, A., & Kaiser, U. (2015) · Handbook of Media Economics · doi:10.1016/b978-0-444-62721-6.00009-3 · Cited by 15
Metadata
- Authors
- Cecchetti, S. G.
- Venue
- Journal of Econometrics
- Publisher
- Elsevier BV
- Published
- 1986-04
- Volume
- 31
- Issue
- 3
- Pages
- 255-274
- ISSN
- 0304-4076 (ISSN-L)
- OpenAlex
- W1565905637
- Cited by
- 427
- References
- 2
- FWCI
- 4.13
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Cecchetti, S. G. (1986). The frequency of price adjustment. Journal of Econometrics. https://doi.org/10.1016/0304-4076(86)90061-8
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
