The literature on costs of price adjustment has long argued that changing prices is a complex and costly process. In … this view, that besides observing costs of price adjustment, we should also expect to see firm-level investments in capital … they can improve the efficiency of the "pricing production" activities by both reducing the costs of adjusting prices, and …

We examine how monitoring costs and costs of financial distress affect the use of performance pricing provisions in …

We study Butters's (1977) model under concave advertising costs, and determine a class of cost functions such that each …