Scraped data and sticky prices
Open accessAbstract
I use daily prices collected from online retailers in five countries to study the impact of measurement bias on three common price stickiness statistics. Relative to previous results, I find that online prices have longer durations, with fewer price changes close to 0, and hazard functions that initially increase over time. I show that time-averaging and imputed prices in scanner and CPI data can fully explain the differences with the literature. I then report summary statistics for the duration and size of price changes using scraped data collected from 181 retailers in 31 countries.
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The adherence between online and offline price levels for multichannel retailers has already been proven across multiple countries.
“The adherence between online and offline price levels for multichannel retailers has already been proven across multiple countries (Cavallo, 2017(Cavallo, , 2018)).”
From Sanctions and Russian online prices (2024) · cites this paper as Cavallo, 2018
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- Authors
- Cavallo, A.
- Affiliations
- Massachusetts Institute of Technology (US)
- Corresponding author
- Cavallo, Alberto
- ORCID
- Cavallo, Alberto
- Venue
- The Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 2018-03
- Volume
- 100
- Issue
- 1
- Pages
- 105-119
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W3124806009
- Cited by
- 135
- References
- 41
- Citations by year
- 2026: 15 · 2025: 10 · 2024: 13 · 2023: 13 · 2022: 13 · 2021: 17 · 2020: 11 · 2019: 12 · 2018: 4 · 2017: 6 · 2016: 4 · 2015: 3 · 2014: 5 · 2013: 3 · 2012: 4
- FWCI
- 18.04
- Type
- journal article
- Language
- en
- Open access
- bronze
- doi.org
- Locations
- The Review of Economics and Statistics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Marketing › Consumer Market Behavior and Pricing
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economics of Agriculture and Food Markets
- Keywords
- price stickiness, measurement bias, price changes, price duration, hazard function, time averaging, consumer price index, scanner data, web scraping
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