Department of Economics and Business Economics

Relative Price Dispersion: Evidence and Theory

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

Standard

Relative Price Dispersion : Evidence and Theory. / Kaplan, Greg; Menzio, Guido; Rudanko, Leena; Trachter, Nicholas.

In: American Economic Journal: Microeconomics, Vol. 11, No. 3, 08.2019, p. 68-124.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

Harvard

Kaplan, G, Menzio, G, Rudanko, L & Trachter, N 2019, 'Relative Price Dispersion: Evidence and Theory', American Economic Journal: Microeconomics, vol. 11, no. 3, pp. 68-124. https://doi.org/10.1257/mic.20170126

APA

Kaplan, G., Menzio, G., Rudanko, L., & Trachter, N. (2019). Relative Price Dispersion: Evidence and Theory. American Economic Journal: Microeconomics, 11(3), 68-124. https://doi.org/10.1257/mic.20170126

CBE

Kaplan G, Menzio G, Rudanko L, Trachter N. 2019. Relative Price Dispersion: Evidence and Theory. American Economic Journal: Microeconomics. 11(3):68-124. https://doi.org/10.1257/mic.20170126

MLA

Kaplan, Greg et al. "Relative Price Dispersion: Evidence and Theory". American Economic Journal: Microeconomics. 2019, 11(3). 68-124. https://doi.org/10.1257/mic.20170126

Vancouver

Kaplan G, Menzio G, Rudanko L, Trachter N. Relative Price Dispersion: Evidence and Theory. American Economic Journal: Microeconomics. 2019 Aug;11(3):68-124. https://doi.org/10.1257/mic.20170126

Author

Kaplan, Greg ; Menzio, Guido ; Rudanko, Leena ; Trachter, Nicholas. / Relative Price Dispersion : Evidence and Theory. In: American Economic Journal: Microeconomics. 2019 ; Vol. 11, No. 3. pp. 68-124.

Bibtex

@article{0f7edf85ebc24c8b9df5f693f1319d44,
title = "Relative Price Dispersion: Evidence and Theory",
abstract = "Relative price dispersion refers to persistent differences in the price that different retailers set for one particular good relative to the price they set for other goods. Relative price dispersion accounts for 30 percent of the overall variance of prices at which the same good is sold during the same week and in the same market. Relative price dispersion can be rationalized as the consequence of a pricing strategy used by sellers to discriminate between high-valuation buyers who need to make all of their purchases in one store, and low-valuation buyers who are able to purchase different items in different stores.",
keywords = "SEARCH, MODEL, CONSUMPTION, COMPETITION, MARKET, DISTRIBUTIONS, INVENTORIES, INEQUALITY, SALES",
author = "Greg Kaplan and Guido Menzio and Leena Rudanko and Nicholas Trachter",
year = "2019",
month = aug,
doi = "10.1257/mic.20170126",
language = "English",
volume = "11",
pages = "68--124",
journal = "American Economic Journal: Microeconomics",
issn = "1945-7669",
publisher = "American Economic Association",
number = "3",

}

RIS

TY - JOUR

T1 - Relative Price Dispersion

T2 - Evidence and Theory

AU - Kaplan, Greg

AU - Menzio, Guido

AU - Rudanko, Leena

AU - Trachter, Nicholas

PY - 2019/8

Y1 - 2019/8

N2 - Relative price dispersion refers to persistent differences in the price that different retailers set for one particular good relative to the price they set for other goods. Relative price dispersion accounts for 30 percent of the overall variance of prices at which the same good is sold during the same week and in the same market. Relative price dispersion can be rationalized as the consequence of a pricing strategy used by sellers to discriminate between high-valuation buyers who need to make all of their purchases in one store, and low-valuation buyers who are able to purchase different items in different stores.

AB - Relative price dispersion refers to persistent differences in the price that different retailers set for one particular good relative to the price they set for other goods. Relative price dispersion accounts for 30 percent of the overall variance of prices at which the same good is sold during the same week and in the same market. Relative price dispersion can be rationalized as the consequence of a pricing strategy used by sellers to discriminate between high-valuation buyers who need to make all of their purchases in one store, and low-valuation buyers who are able to purchase different items in different stores.

KW - SEARCH

KW - MODEL

KW - CONSUMPTION

KW - COMPETITION

KW - MARKET

KW - DISTRIBUTIONS

KW - INVENTORIES

KW - INEQUALITY

KW - SALES

U2 - 10.1257/mic.20170126

DO - 10.1257/mic.20170126

M3 - Journal article

VL - 11

SP - 68

EP - 124

JO - American Economic Journal: Microeconomics

JF - American Economic Journal: Microeconomics

SN - 1945-7669

IS - 3

ER -