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Business as Usual: A Consumer Search Theory of Sticky Prices and Asymmetric Price Adjustment
16 references·7 citing·45 second hop
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References

  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1996Staggered Prices in a Utility-Maximizing Framework4,369 cited
  • 2003Implications of rational inattention3,869 cited
  • 2002Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve2,302 cited
  • 1971A model of price adjustment1,642 cited
  • 1995Competition when Consumers have Switching Costs: An Overview with Applications to Industrial Organization, Macroeconomics, and International Trade1,519 cited
  • 2002Some Evidence on the Importance of Sticky Prices1,323 cited
  • 1997Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?1,029 cited
  • 2000Prices Rise Faster than They Fall962 cited
  • 2006Network effects and the dynamics of migration and inequality: Theory and evidence from Mexico934 cited
  • 1977Inflation and Costs of Price Adjustment758 cited
  • 1992Market Structure and the Nature of Price Rigidity: Evidence from the Market for Consumer Deposits690 cited
  • 1994Asymmetric Price Adjustment and Economic Fluctuations668 cited
  • 2008State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation? *664 cited
  • 1999Asking about prices: a new approach to understanding price stickiness

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625 cited
  • 1991Rockets and feathers: the asymmetric speed of adjustment of UK retail gasoline prices to cost changes577 cited
  • Cited by

    • 2015The Impact of Consumer Inattention on Insurer Pricing in the Medicare Part D Program80 cited
    • 2012Asymmetric Price Adjustments in Airlines15 cited
    • 2019Asymmetric price responses to hotel competition caused by heterogeneous customers’ willingness to pay13 cited
    • 2021Asymmetric cost pass-through and consumer search: empirical evidence from online platforms12 cited
    • 2012Large Shocks in Menu Cost Models12 cited
    • 2014Understanding Price Stickiness: Firm‐level Evidence on Price Adjustment Lags and Their Asymmetries11 cited
    • 2014Price Response, Asymmetric Information and Competition9 cited