| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24680 |
| 来源ID | Working Paper 24680 |
| Costs of Managerial Attention and Activity as a Source of Sticky Prices: Structural Estimates from an Online Market | |
| Sara Fisher Ellison; Christopher Snyder; Hongkai Zhang | |
| 发表日期 | 2018-06-11 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study price dynamics for computer components sold on a price-comparison website. Our fine-grained data—a year of hourly price data for scores of rival retailers—allow us to estimate a dynamic model of competition, backing out structural estimates of managerial frictions. The estimated frictions are substantial, concentrated in the act of monitoring market conditions rather than entering a new price. We use our model to simulate the counterfactual gains from automated price setting and other managerial changes. Coupled with supporting reduced-form statistical evidence, our analysis provides a window into the process of managerial price setting and the microfoundation of pricing inertia, issues of growing interest in industrial organization and macroeconomics. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w24680 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582353 |
| 推荐引用方式 GB/T 7714 | Sara Fisher Ellison,Christopher Snyder,Hongkai Zhang. Costs of Managerial Attention and Activity as a Source of Sticky Prices: Structural Estimates from an Online Market. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24680.pdf（688KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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