Informational Rigidities and the Stickiness of Temporary Sales
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We use unique price data to study how retailers react to underlying cost changes. Temporary sales account for 95% of price changes in our data. Simple models would, therefore, suggest that temporary sales play a central role in price responses to cost shocks. We find, however, that, in response to a
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美国国家经济研究局创建时间：
2013-08-01
