Are Gasoline Prices a Factor in Residential Relocation Decisions? Preliminary Findings from the American Housing Survey, 1996–2008
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Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices
The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the menu-cost model as a literal des...
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ژورنال
عنوان ژورنال: Journal of Planning Education and Research
سال: 2016
ISSN: 0739-456X,1552-6577
DOI: 10.1177/0739456x16657159