Firms' Price Choices: Exchanging Insights between Industrial Organization, Marketing Science and Macroeconomics

December 15, 2006
Federal Reserve Bank of Chicago
230 S. LaSalle Street
Chicago, IL 60604
3rd Floor Conference Center

December 15, 2006
8:00 a.m.		Registration and Continental Breakfast
9:00 a.m.		A Framework for Indentifying the Sources of Local Currency Price Stability with an Empirical Application A Framework for Indentifying the Sources of Local Currency Price Stability with an Empirical Application (PDF, 426KB) Pinelopi Goldberg Yale University Rebecca Hellerstein Federal Reserve Bank of New York Discussant Anil Kashyap University of Chicago
10:00 a.m.		Coffee Break
10:15 a.m.		Nonlinear Contracting and Endogenous Market Power between Manufacturers and Retailers: Identification and Estimation on Differentiated Products Nonlinear Contracting and Endogenous Market Power between Manufacturers and Retailers: Identification and Estimation on Differentiated Products (PDF) Céline Bonnet University of Toulouse Pierre Dubois University of Toulouse Discussant George Hall Brandeis University
11:15 a.m.		Do Switching Costs Make Markets Less Competitive? Do Switching Costs Make Markets Less Competitive? (PDF, 350KB) Jean-Pierre Dubé University of Chicago Günter J. Hitch University of Chicago Peter E. Rossi University of Chicago Discussant Alex Wolman Federal Reserve Bank of Richmond
12:15 p.m.		Lunch Directors' Room
1:30 p.m.		Price Setting during Low and High Inflation: Evidence from Mexico Price Setting during Low and High Inflation: Evidence from Mexico (PDF, 425KB) Etienne Gagnon Federal Reserve Board Discussant Patrick Bajari University of Minnesota
2:30 p.m.		Coffee Break
2:45 p.m.		Real Rigidities and Nominal Price Changes Real Rigidities and Nominal Price Changes (PDF, 522KB) Peter J. Klenow Stanford University Jonathan L. Willis Federal Reserve Bank of Kansas City Discussant Sofia Berto Villas-Boas University of California, Berkeley
3:45 p.m.		Coffee Break
4:00 p.m.		Prices and Market Shares in a Menu Cost Model Prices and Market Shares in a Menu Cost Model (PDF, 472KB) Ariel Burstein University of California, Los Angeles Christian Hellwig University of California, Los Angeles Discussant Florian Zettelmeyer University of California, Berkeley
5:00 p.m.		Adjournment and Reception Last updated: December 12, 2006