Levy, Daniel; Müller, Georg; Chen, Haipeng (Allan); … - In: Economica 77 (2010) 305, pp. 172-198
, become more urgent during holidays. As a result, the holiday‐period opportunity cost of price adjustment may increase … price change is lower during holiday periods, even after accounting for cost changes. Moreover, we find that the probability … of a price change increases with the size of the cost change, during both the holiday as well as non‐holiday periods. We …