BoJ economists shed light on quality-price dynamics
Economists from the Bank of Japan (BoJ) shed new light on the question of how firms set prices when launching new, higher-quality products, in a working paper published on June 14.
The five economists draw on a database from an online price-comparison website in Pricing patterns over product life-cycle and quality growth at product turnover, which gives them access to over 5.6 million data points.
They decompose price hikes at a new product's launch into those due purely to quality increases and
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