Testing A Model Of The Kinked Demand Curve
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Testing A Model Of The Kinked Demand Curve
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Author : V. Bhaskar
language : en
Publisher:
Release Date : 1989
Testing A Model Of The Kinked Demand Curve written by V. Bhaskar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Economics categories.
A Further Test Of The Structural Implications Of The Kinked Oligopoly Demand Curve
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Author : Edward T. Cope
language : en
Publisher:
Release Date : 1986
A Further Test Of The Structural Implications Of The Kinked Oligopoly Demand Curve written by Edward T. Cope and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.
The objective of this thesis is to conduct an empirical test of the kinked oligopoly demand theory. The kinked demand theory has received a from economists since its introduction in 1939. The theory has received support from subjective opinion surveys among businessmen, but no previous empirical test has been able to show evidence of the kink. The theory describes a reasonably intuitive notion that oligopolistic market rivals will match price decreases, but not increases. The kink is simply a bend or elbow in the demand curve at the point where this 'stickness' occurs. The bend in the curve also results in a discontinuity in the marginal revenue curve. This results in the implication that oligopoly prices will tend to be rigid in the face of moderate cost and demand changes. A second version of the kink describes a 'reflex kink' which produces relatively flexible oligopoly prices when industries are operating at, or close to, peak capacity. (Keywords: Economies; Economic analysis).
A Kinked Demand Theory Of Price Rigidity
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Author : Stephane Dupraz
language : en
Publisher:
Release Date : 2018
A Kinked Demand Theory Of Price Rigidity written by Stephane Dupraz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
I provide a microfounded theory for one of the oldest, but so far informal, explanations of price rigidity: the kinked demand curve theory. Assuming that some customers observe at no cost only the price of the store they happen to be at gives rise to a kink in firms' demand curves: a price increase above the market price repels more customers than a price decrease attracts. The kink in turn makes a range of prices consistent with equilibrium, but a selection criterion that captures firms' reluctance to be the first to change prices -- the adaptive rational-expectations criterion -- selects a unique equilibrium where prices stay constant for a long time. The kinked-demand theory is consistent with price-setters' account of price rigidity as arising from the customer's -- not the firm's -- side, and their account of their reluctance to make the first step in changing prices. The kinked-demand theory can be tested against menu-cost models in micro data: it predicts that prices should be more likely to change if they have recently changed, and that prices should be more flexible in markets where customers can more easily compare prices. At the macro level, the kinked-demand theory induces a trade-off between output and inflation that substantially differs from prominent theories of sticky prices: the Phillips curve is strongly convex but does not contain any (present or past) expectations of inflation, and is non-vertical in the long-run.
The Kinked Demand Curve And The Total Approach
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Author : Alan Hochstein
language : en
Publisher:
Release Date : 1985
The Kinked Demand Curve And The Total Approach written by Alan Hochstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Demand functions (Economic theory) categories.
Kinked Demand Curve
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Author : Patricia Ann Walker
language : en
Publisher:
Release Date : 1967
Kinked Demand Curve written by Patricia Ann Walker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Prices categories.
The Kinked Demand Curve
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Author : Robert Vernon Goldstein
language : en
Publisher:
Release Date : 1959
The Kinked Demand Curve written by Robert Vernon Goldstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with categories.
An Exploration Of The Kinked Demand Curve Hypothesis
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Author : Christopher James Hawkins
language : en
Publisher:
Release Date : 1971
An Exploration Of The Kinked Demand Curve Hypothesis written by Christopher James Hawkins and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Economics, Mathematical categories.
The Kinked Demand Curve
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Author : Yoshiyasu Ono
language : en
Publisher:
Release Date : 1980
The Kinked Demand Curve written by Yoshiyasu Ono and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Demand functions (Economic theory) categories.
Laboratory Tests Of A Kinded Demand Curve Model With Discounting And Game Theoretic Foundations
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Author : Gianmaria Martini
language : en
Publisher:
Release Date : 1996
Laboratory Tests Of A Kinded Demand Curve Model With Discounting And Game Theoretic Foundations written by Gianmaria Martini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Ca Test Model
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Author :
language : en
Publisher: sachin uncwhal
Release Date : 2018-06-11
Ca Test Model written by and has been published by sachin uncwhal this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-11 with categories.
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