Project

Price rigidity in Europe and the US: measurement and explanation using scanner data

Code
3F020308
Duration
01 October 2008 → 30 September 2012
Funding
Regional and community funding: Special Research Fund, Research Foundation - Flanders (FWO)
Research disciplines
  • Social sciences
    • Applied economics
    • Economic development, innovation, technological change and growth
    • Economic history
    • Macroeconomics and monetary economics
    • Marketing
    • Microeconomics
    • Tourism
Keywords
business cycle implicit contracts price rigidity deep habits scanner data
 
Project description

Price rigidity is an important driving force of the business cycle, so knowing the degree and sources of price rigidity is of the utmost importance for scientific and policy puposes using supermarket scanner data, we compare pricing behaviour between Europe and the US and test the importance of implicit contracts and deep habit formation as potential sources of price rigidity.