Gautier, Erwan (contributor) - 2006
�rm�s economic conditions. Neverthe-
less, time-dependent models are shown to be the most relevant theories to explain the … partial
and delayed response to economic shocks is transmitted into prices. Almost all microeconomic
empirical studies on … the micro level; �rms adjust their prices infrequently and only a partial
and delayed response to economic shocks is …