Identifying price discrimination when product menus are endogenous
Division of Research & Statistics and Monetary Affairs, Federal Reserve Board, 2004 - Business & Economics - 28 pages
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altemative hypotheses Ana Aizcorbe Andrew Cohen Antulio behavior Berger branded and unbranded Brian Sack consistent with price consumers control for unobserved cost-based pricing Cost-plus pricing December degree price discrimination differentiated brands distinguish price discrimination Dummy variable Economics Discussion Series estimated evidence of price February Federal Reserve Board ﬁnd ﬁrms are price ﬁrst ﬁxed costs higher quality Identifying Price Discrimination infer price discrimination Inﬂation Interest Rates Jeremy Rudd Karl Journal of Economics July Liquidity Trap lower quality variants Mark Carlson market power markups menus and prices Monetary Policy Rules multi-product stations Nevo Non-linear prices November number of rolls Oligopoly one-roll package size package sizes paper towel manufacturers price discriminating ﬁrm price discriminating monopolist price schedules pricing equation proﬁtable quantity discounts Rand Journal reject price discrimination Retail Rochet Rudd Karl Whelan second degree price September 2002 Shepard speciﬁcations statistically signiﬁcant tests for price unbranded paper towels unobserved product attributes