eprintid: 12567
rev_number: 5
eprint_status: archive
userid: 1
dir: disk0/00/01/25/67
datestamp: 2011-10-14 13:19:28
lastmod: 2015-04-25 06:08:20
status_changed: 2012-08-15 09:01:58
type: workingPaper
metadata_visibility: show
creators_name: Eife, Thomas A.
title: Explaining the Persistent Effect of the Euro-Changeover on German Restaurant Prices
ispublished: pub
subjects: ddc-330
divisions: i-181000
abstract: This paper studies the long-run effect of the 2002 changeover on restaurant prices in Germany. German restaurant prices increased significantly when the euro was introduced as a new currency but rather than returning to their re-changeover trend, restaurant prices appear to have stabilized on a higher path. This stands in contrast to the prediction of menu costs models or models of confusion-induced price increases as these models can only account for a transitory effect. The persistence of the increase suggests the existence of more than one price equilibrium. This multiplicity of price equilibria is a central part of the explanation proposed in the paper.
abstract_translated_lang: eng
class_scheme: jel
class_labels: D43, E31, L13, L89
date: 2011
date_type: published
id_scheme: DOI
id_number: 10.11588/heidok.00012567
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0518
ppn_swb: 670361623
own_urn: urn:nbn:de:bsz:16-opus-125678
language: eng
bibsort: EIFETHOMASEXPLAINING2011
full_text_status: public
citation:   Eife, Thomas A.  (2011) Explaining the Persistent Effect of the Euro-Changeover on German Restaurant Prices.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/12567/1/Eife_2011_dp518.pdf