Price-Setting in Ukraine: Evidence from Online Prices

Anastasiia Antonova ()
Additional contact information
Anastasiia Antonova: National Bank of Ukraine

Visnyk of the National Bank of Ukraine, 2019, issue 248, 4-10

Abstract: This study examines price duration and price-setting mechanisms in Ukraine using web-scraped prices. I found that the mean average duration of prices is about 2 months. Average price duration is lower for those products that are more exposed to temporary price changes (sales). Moreover, imported goods have a higher average price duration compared to domestic goods. In terms of the price-setting mechanism, the data supports timedependent price setting behavior over state-dependent. The evidence of time-dependent price setting is 1) the size of price change being positively related to the age of price; 2) many price changes of a size close to zero; and 3) the hazard function being non-increasing for the whole sample and tends to be flatter within relatively homogeneous groups of products..

Keywords: online prices; sticky prices; price duration; price-setting scheme (search for similar items in EconPapers)
JEL-codes: C32 E32 F42 F43 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journal.bank.gov.ua/en/article/2019/248/01 (text/html)
http://journal.bank.gov.ua/uploads/articles/248_1_Antonova.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ukb:journl:y:2019:i:248:p:4-10

DOI: 10.26531/vnbu2019.248.01

Access Statistics for this article

More articles in Visnyk of the National Bank of Ukraine from National Bank of Ukraine Contact information at EDIRC.
Bibliographic data for series maintained by Research Unit ().