Market Structure And The Nature Of Price Rigidity
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Market Structure And The Nature Of Price Rigidity
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Author : David Neumark
language : en
Publisher:
Release Date : 1989
Market Structure And The Nature Of Price Rigidity written by David Neumark and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Bank marketing categories.
Market Structure And Price Rigidity
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Author : R. Rothschild
language : en
Publisher:
Release Date : 1991
Market Structure And Price Rigidity written by R. Rothschild and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Economics categories.
Market Structure Price Rigidity And Cyclicality
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Author : Joshy Easaw
language : en
Publisher:
Release Date : 1997
Market Structure Price Rigidity And Cyclicality written by Joshy Easaw and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Elasticity (Economics) categories.
Holiday Price Rigidity And Cost Of Price Adjustment
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Author : Mark Bergen
language : en
Publisher:
Release Date : 2008
Holiday Price Rigidity And Cost Of Price Adjustment written by Mark Bergen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Holiday Price Rigidity And Cost Of Price Adjustment
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Author : Daniel Levy
language : en
Publisher:
Release Date : 2012
Holiday Price Rigidity And Cost Of Price Adjustment written by Daniel Levy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers' questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the holiday-period opportunity cost of price adjustment may increase dramatically for retail stores, which should lead to greater price rigidity during holidays. We test this prediction using weekly retail scanner price data from a major Midwestern supermarket chain. We find that indeed, prices are more rigid during holiday periods than non-holiday periods. For example, the econometric model we estimate suggests that the probability of a price change is lower during holiday periods, even after accounting for cost changes. Moreover, we find that the probability of a price change increases with the size of the cost change, during both, the holiday as well as non-holiday periods. We argue that these findings are best explained by higher price adjustment costs (menu cost) the retailers face during the holiday periods. Our data provides a natural experiment for studying variation in price rigidity because most aspects of market environment such as market structure, industry concentration, the nature of long-term relationships, contractual arrangements, etc., do not vary between holiday and non-holiday periods. We, therefore, are able to rule out these commonly used alternative explanations for the price rigidity, and conclude that the menu cost theory offers the best explanation for the holiday period price rigidity.
Price Rigidity
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Author : Torben M. Andersen
language : en
Publisher: Oxford University Press on Demand
Release Date : 1994
Price Rigidity written by Torben M. Andersen and has been published by Oxford University Press on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
The price adjustment process is crucial to almost any macroeconomic issue. Current macroeconomic literature features widely different models ranking from instantaneous price adjustment to completely rigid prices. Professor Andersen provides a comprehensive analysis of reasons why prices may fail to adjust instantaneously to changes in market conditions. This unified treatment will allow the reader to understand the mechanisms at work without becoming lost in technical details. This volume covers both real and nominal price rigidities and integrates existing results from the literature with new results on causes for failures of price adjustment. The analysis of real price rigidities includes inventories, customer markets, search and collusive behaviour. Due to the focus on macroeconomic implications, the analysis of nominal price rigidities is extensive and includes menu costs, informational problems, asynchronized price setting as well as the interaction between price and wage setting. Professor Andersen's own theoretical work on imperfect information, a prime source of price and wage rigidity, is given prominence in the book. The volume is thus a combination of a valuable survey of the literature, and an original expression of future possible research avenues.
Price Rigidity And Market Structure
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Author : Timothy H. Hannan
language : en
Publisher:
Release Date : 1989
Price Rigidity And Market Structure written by Timothy H. Hannan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Bank deposits categories.
The Oxford Handbook Of Banking
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Author : Allen N. Berger
language : en
Publisher:
Release Date : 2015
The Oxford Handbook Of Banking written by Allen N. Berger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.
Industry Studies
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Author : Larry L. Duetsch
language : en
Publisher: Routledge
Release Date : 2019-07-23
Industry Studies written by Larry L. Duetsch and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-23 with Business & Economics categories.
Featuring new chapters on casino gambling and the nursing home industry, and updated throughout, the new edition of this highly readable text analyzes well-defined industries from commodities and manufacturing to distribution and services, showing how firms compete with one another. Each study gives appropriate attention to government policies that have influenced competitive conditions in the industry, and the material is presented without the use of calculus so that anyone with some background in economic principles can benefit from it. The book provides balance in regard to the mix of industries dealt with, and also in the varying perspectives of the contributors.
The Oxford Handbook Of Banking Second Edition
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Author : Allen N. Berger
language : en
Publisher: OUP Oxford
Release Date : 2014-11-27
The Oxford Handbook Of Banking Second Edition written by Allen N. Berger and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-27 with Business & Economics categories.
The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.