English, Article, Journal or magazine article edition: Market Structure, Inflation, and Price Dispersion Mustafa Caglayan; Alpay Filiztekin; Michael T. Rauh

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Bookmark: http://trove.nla.gov.au/version/128235
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Market Structure, Inflation, and Price Dispersion
Author
  • Mustafa Caglayan
  • Alpay Filiztekin
  • Michael T. Rauh
Physical Description
  • preprint
Notes
  • RePEc:liv:livedp:2003_03
  • In this paper, we investigate the impact of market structure on the relationship between inflation and price dispersion. We first propose a new empirical model of the relationship between inflation and dispersion with firmer theoretical foundations, and then extend the basic model to incorporate the potential effects of market structure. We estimate the basic and market structure specifications using a unique micro-level data set from Istanbul, which consists of monthly price observations from three different store types: convenience stores, open-air markets, and supermarkets. Our empirical findings support almost all of the basic and market structure predictions.
  • inflation; market structure; menu cost models; micro panel data; price dispersion
  • RePEc:lec:leecon:04/​2
Language
  • English
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