http://www.bis.org/cbhub/list/author/author_8354/index.rss Research hub papers by author Thomas Rudolph en http://dallasfed.org/institute/wpapers/2011/0083.pdf Dallas Fed Institute Working Papers by Martin Berka, Michael B. Devereaux and Thomas Rudolph Price Setting in a Leading Swiss Online Supermarket 2011-06-17T06:25:59Z Abstract: We study a newly released data set of scanner prices for food products in a large Swiss online supermarket. We find that average prices change about every two months, but when we exclude temporary sales, prices are extremely sticky, changing on average once every three years. Non-sale price behavior is broadly consistent with menu cost models of sticky prices. When we focus specifically on the behavior of sale prices, however, we find that the characteristics of price adjustment seems to be substantially at odds with standard theory. Price Setting in a Leading Swiss Online Supermarket 2011-06-17T06:25:59Z Full text http://dallasfed.org/institute/wpapers/2011/0083.pdf Michael B. Devereaux Martin Berka Thomas Rudolph Martin Berka, Michael B. Devereaux and Thomas Rudolph 2011-06 Dallas Fed Institute Working Papers