The Morphology of Price Dispersion

@inproceedings{Kaplan2014TheMO,
  title={The Morphology of Price Dispersion},
  author={Greg Kaplan and Guido Menzio},
  year={2014}
}
This article is a study of the shape and structure of the distribution of prices at which an identical good is sold in a given market and time period. We find that the typical price distribution is symmetric and leptokurtic, with a standard deviation between 19% and 36%. Only 10% of the variance of prices is due to variation in the expensiveness of the stores at which a good is sold, whereas the remaining 90% is due, in approximately equal parts, to differences in the average price of a good… CONTINUE READING

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