Measuring the Importance of the Uniform Nonsynchronization Hypothesis

In this paper we critically reappraise some measures of the importance of time-dependent price setting rules and propose an alternative way to gauge the significance of this type of price setting behaviour. The merits of the proposed measure are highlighted in an application using micro-data. Our results suggest that a large proportion of price trajectories may be compatible with simple time-dependent price setting mechanisms but the strength of this evidence very much depends on the way that is used to evaluate the importance of this type of behaviour.

• Publication year

  2006

• Venue

  Social Science Research Network

• Publication date

  2006-04-01

• Fields of study

  Economics

• Identifiers
  DOI 10.2139/ssrn.890991
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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