| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10725 |
| DP10725 Small Price Responses to Large Demand Shocks | |
| J David López-Salido | |
| 发表日期 | 2015-07-19 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We study the pricing response of U.S. supermarkets to large demand shocks triggered by labor conflicts, mass population relocation, and shopping sprees around major snowstorms and hurricanes. We find that these large swings in demand have, at best, modest effects on the level of retail prices, consistent with flat short- to medium-term supply curves. This finding holds even when shocks are highly persistent and even though stores adjust prices frequently. We also uncover evidence that retailers with radically different demand shocks nonetheless seek to match their local competitors' pricing movements and recourse to sales and promotions. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Demand shocks inflation Labor conflicts Mass population displacement Sales Severe weather events |
| URL | https://cepr.org/publications/dp10725 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539556 |
| 推荐引用方式 GB/T 7714 | J David López-Salido. DP10725 Small Price Responses to Large Demand Shocks. 2015. |
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