The Relative Rigidity Of Monopoly Pricing Classic Reprint
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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.
California Management Review
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Author :
language : en
Publisher:
Release Date : 1992
California Management Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Industrial management categories.
Competing Schools Of Economic Thought
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Author : Lefteris Tsoulfidis
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-06-29
Competing Schools Of Economic Thought written by Lefteris Tsoulfidis 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 2010-06-29 with Business & Economics categories.
1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.
Risk Uncertainty And Profit
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Author : Frank H. Knight
language : en
Publisher: Courier Corporation
Release Date : 2012-03-09
Risk Uncertainty And Profit written by Frank H. Knight and has been published by Courier Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-09 with Business & Economics categories.
DIVThis enduring economics text provided the theoretical basis of the entrepreneurial American economy during the post-industrial era. A revolutionary work, it taught the world how to systematically distinguish between risk and uncertainty. /div
Asking About Prices
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Author : Alan Blinder
language : en
Publisher: Russell Sage Foundation
Release Date : 1998-01-08
Asking About Prices written by Alan Blinder and has been published by Russell Sage Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-08 with Business & Economics categories.
Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.
The Health Planning Predicament
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Author : Victor Rodwin
language : en
Publisher: Univ of California Press
Release Date : 1984-01-01
The Health Planning Predicament written by Victor Rodwin and has been published by Univ of California Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984-01-01 with Social Science categories.
The Antitrust Paradox
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Author : Robert Bork
language : en
Publisher:
Release Date : 2021-02-22
The Antitrust Paradox written by Robert Bork and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-22 with categories.
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.