This paper presents evidence on the amount of price rigidity that exists in individual transaction prices. Using the Stigler-Kindahi data, I examine the behavior of individual buyers' prices for certain products used in manufacturing. My most important findings are:1.

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H. MANNE, INSIDER TRADING AND THE STOCK MARKET, supra note I, at 1-2 (popular attitudes towards corporate morality did not until recently condemn insider trading); Wang, supra note 1, at 1245 (reasons why businessmen might not consider insider trading immoral). This general belief does not extend to specialized areas such as law firms or corporate printers.

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