Retail Price Setting in Uruguay
Fernando Borraz and
Leandro Zipitria ()
EconomÃa Journal, 2012, vol. Volume 12 Number 2, issue Spring 2012, 77-109
We analyze the behaviour of prices in Uruguay using a unique database of 30 millions daily prices. We find that prices change about 5 times a year with no seasonal patter. Prices changes are highly synchronised and concentrated on the first day of the month. Our paper is the first to present evidence of high synchronization of prices, which in turn could be explained mainly by the data periodicity. Overall the analysis seems to be consistent with state-dependent pricing models, although we found some interesting features of prices that could not be explained by these models.
Keywords: Uruguay; behaviour; prices; seasonal pattern; synchronization; periodicity (search for similar items in EconPapers)
JEL-codes: E20 E21 E30 E31 E32 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed
Downloads: (external link)
Working Paper: Price Setting in Retailing: the Case of Uruguay (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:col:000425:009967
Access Statistics for this article
More articles in EconomÃa Journal from The Latin American and Caribbean Economic Association - LACEA
Bibliographic data for series maintained by LACEA ().