Price rigidity and flexibility: new empirical evidence

The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently, and that ability lies behind the magical invisible...

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Veröffentlicht in:	Managerial and decision economics 2007-10, Vol.28 (7), p.639-647
1. Verfasser:	Levy, Daniel
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry Computer industry Data analysis Decision Economic analysis Economic conditions Empirical evidence Empirical research Internet Macroeconomics Management Market prices Market structure Menu costs Microcomputers Microeconomics Nominal rigidities Oil industry Petrol Price changes Price competition Price level changes Price rigidities Price stability Price theory Prices Pricing Retail prices Retail stores Retail trade Studies Supply & demand Supply and demand
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