The Relative Rigidity Of Monopoly Pricing
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The Relative Rigidity Of Monopoly Pricing Classic Reprint
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Author : Julio J. Rotemberg
language : en
Publisher: Forgotten Books
Release Date : 2018-02-23
The Relative Rigidity Of Monopoly Pricing Classic Reprint written by Julio J. Rotemberg and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-23 with Business & Economics categories.
Excerpt from The Relative Rigidity of Monopoly Pricing The relationship between industry structure and pricing is a major focus of Industrial Organization. One of the most striking facts to have emerged about this relationship is that monopolists tend to change their prices less frequently than tight oligopolies. Although the first evidence in this regard was presented by Stigler (1947) almost forty years ago, no theoretical explanations have been offered. The objective of this papergis to develop models capable of explaining these facts. Stigler's objective in comparing the relative rigidity of monopoly and dqoly prices was to test the kinked demand curve theory of Hall and Hitch (1939) and Sweezy Since the work of Gardiner Means (1935) seemed to show that concentrated industries exhibited greater price rigidity than their unconcentrated counterparts, the kinked demand curve was developed and embraced as providing a theoretical foundation for the rigidity of prices. It was widely regarded to be an implication of that theory that du0polists would not change their prices in response to small changes in their costs. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Relative Rigidity Of Monopoly Pricing
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Author : Julio J. Rotemberg
language : en
Publisher:
Release Date : 1987
The Relative Rigidity Of Monopoly Pricing written by Julio J. Rotemberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Economics, Mathematical categories.
Abstract: produced the same tange of products as the duopoly.
The Relative Rigidity Of Monopoly Pricing
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Author :
language : en
Publisher:
Release Date : 1986
The Relative Rigidity Of Monopoly Pricing written by 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 Relative Rigidity Of Monopoly Pricing
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Author : Julio Rotemberg
language : en
Publisher: Palala Press
Release Date : 2015-09-04
The Relative Rigidity Of Monopoly Pricing written by Julio Rotemberg and has been published by Palala Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-04 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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.
Monopoly As A Cause Of Price Rigidity
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Author : Kenneth Gordon Matheson
language : en
Publisher:
Release Date : 1940
Monopoly As A Cause Of Price Rigidity written by Kenneth Gordon Matheson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1940 with categories.
Imperfect Competition And Sticky Prices
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Author : N. Gregory Mankiw
language : en
Publisher: MIT Press
Release Date : 1991
Imperfect Competition And Sticky Prices written by N. Gregory Mankiw and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today. This recent work shows how the Keynesian approach to economic fluctuations can be supported by rigorous microeconomic models of economic behavior. The essays are grouped in seven parts that cover costly price adjustment, staggering of wages and prices, imperfect competition, coordination failures, and the markets for labor, credit, and goods. An overall introduction, brief introductions to each of the parts, and a bibliography of additional papers in the field round out this valuable collection.Volume 1 focuses on how friction in price setting at the microeconomic level leads to nominal rigidity at the macroeconomic level, and on the macroeconomic consequences of imperfect competition, including aggregate demand externalities and multipliers. Volume 2 addresses recent research on non-Walrasian features of the labor, credit, and goods markets. Contributors George A Akerlof, Costas Azariadis, Laurence Ball, Ben S. Bernanke, Mark Bits, Olivier J. Blanchard, Alan S. Blinder, John Bryant, Andrew S. Caplin, Dennis W. Carlton, Stephen G. Cecchetti, Russell Cooper, Peter A. Diamond, Gary Fethke, Stanley Fischer, Robert E. Hall, Oliver Hart, Andrew John, Nobuhiro Kiyotaki, Alan B. Krueger, David M. Lilien, Ian M. McDonald, N. David Mankiw, Arthur M. Okun, Andres Policano, David Romer, Julio J. Rotemberg, Garth Saloner, Carl Shapiro, Andrei Shleifer, Robert M. Solow, Daniel F. Spulber, Joseph E. Stiglitz, Lawrence H. Summers, John Taylor, Andrew Weiss, Michael Woodford, Janet L. Yellen
The Effect Of Price Rigidity On The Intensity Of Price Versus Service Quality Competition
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Author : Wujin Chu
language : en
Publisher:
Release Date : 1992
The Effect Of Price Rigidity On The Intensity Of Price Versus Service Quality Competition written by Wujin Chu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
Global Price Fixing
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Author : John M. Connor
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-12-01
Global Price Fixing written by John M. Connor and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-01 with Business & Economics categories.
Some books get written, others write themselves. This book is the latter type. I have devoted myselfto studying the economic organization of industries related to food and agriculture for almost twenty-five years. It has been my good fortune to work at places that tolerated my gadfly approach to research. So long as I produced a few publications each year and wooed a few graduate students to share those interests, I was free to pursue an array of topics: why firms diversifY, the competitive role of advertising, strategies for selling in overseas markets, measuring market power, and many others. Although firmly anchored in the eclectic analytical framework of industrial economics and focused on the food system, I traversed a wide field at will. Some years ago, I had pretty much convinced myself that naked price fixing was not a high priority for scholarship in these industries. True, collusion was rife in a few food industries, such as bid-rigging among suppliers of fluid milk to school districts in isolated rural districts. Ripping off milk money from school children is reprehensible enough, but the size of the economic losses from localized price fixing paled besides other sources of imperfect competition.
Price Theory And Applications
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Author : Jack Hirshleifer
language : en
Publisher: Cambridge University Press
Release Date : 2005-09-12
Price Theory And Applications written by Jack Hirshleifer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-12 with Business & Economics categories.
This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).