Strategic Price Rigidity.

This paper explores how costly price adjustment and strategic interaction may cause a leader-follower configuration to arise. While most imperfect models predict that price-setters will synchronize their moves, we show that leadership generates stable staggering.

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Year of publication:	1996
Authors:	Granero, L-M
Institutions:	Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona
Subject:	PRICING \| MARKET \| MACROECONOMICS \| OLIGOPOLIES \| PRODUCTION

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Series:	UFAE and IAE Working Papers.
Type of publication:	Book / Working Paper
Notes:	29 pages
Classification:	D4 - Market Structure and Pricing ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005572165