EconPapers    
Economics at your fingertips  
 

Price Setting in Retailing: the Case of Uruguay

Fernando Borraz and Leandro Zipitria ()

No 2011001, Documentos de trabajo from Banco Central del Uruguay

Abstract: We analyze the behavior 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 synchronized 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: retail; micro data; prices; price volatility; sticky prices; rigideces de precios; datos micro; comercios minoristas (search for similar items in EconPapers)
JEL-codes: E31 D40 L16 L81 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.bcu.gub.uy/Estadisticas-e-Indicadores/ ... 20Trabajo/1.2011.pdf First version, 2011 (application/pdf)

Related works:
Chapter: Price Setting in Retailing: the Case of Uruguay (2013) Downloads
Journal Article: Retail Price Setting in Uruguay (2012) Downloads
Working Paper: Price Setting in Retailing: the Case of Uruguay (2011) Downloads
Working Paper: Price Setting in Retailing: the Case of Uruguay (2010) Downloads
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:bku:doctra:2011001

Access Statistics for this paper

More papers in Documentos de trabajo from Banco Central del Uruguay Biblioteca Especializada. Banco Central del Uruguay. Diagonal Fabini 777, Montevideo-Uruguay. CP 11100. Contact information at EDIRC.
Bibliographic data for series maintained by Biblioteca Especializada ().

 
Page updated 2021-05-07
Handle: RePEc:bku:doctra:2011001