Prices and Market Shares in a Menu Cost Model
---- Acknowledgements ----
We thank Andrew Atkeson, Mark Gertler, Mike Golosov, Rebecca Hellerstein, Pete Klenow, John Leahy, Virgiliu Midrigan, and Michael Woodford for helpful discussions, and various audiences at seminars and confererences for their comments. Cesar Serra and Julian Smoller provided outstanding research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.