PRICE DISPERSION AND DEMAND UNCERTAINTY: EVIDENCE FROM US SCANNER DATA

Benjamin Eden ()

No 13-00015, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

Abstract: I use a flexible price version of the Prescott (1975) hotels model to explain variations in price dispersion across goods sold by supermarkets in Chicago. The main finding is that price dispersion measures are positively correlated with proxies for demand uncertainty. I also find that price dispersion measures are negatively correlated with the average price but are not negatively correlated with the revenues from selling the good (across stores and weeks) and with the number of stores that sell the good.

JEL-codes: D4 L0 (search for similar items in EconPapers)
Date: 2013-10-03
New Economics Papers: this item is included in nep-agr and nep-com
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Price Dispersion and Demand Uncertainty: Evidence from US Scanner Data (2015)
Working Paper: Price dispersion and demand uncertainty: Evidence from US scanner data (2014)
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