3 lessons from hyperinflationary periods

Mark Bergen, Thomas Bergen, Daniel Levy, Rose Semenov

Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation point to ways that firms can adapt. In particular, companies need to think about how to change prices regularly and cheaply - because constant price changes can ultimately be very, very expensive. And they should consider how to communicate those price changes to customers. Providing clarity and predictability can increase consumer trust and help firms in the long run.

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Year of publication:	[2022] ; Revised: November 11, 2022
Authors:	Bergen, Mark ; Bergen, Thomas ; Levy, Daniel C. ; Semenov, Rose
Publisher:	Ramat-Gan, Israel : Bar Ilan University, Department of Economics
Subject:	Inflation \| Hyperinflation \| Pricing \| Price Setting \| Price Adjustment \| Menu Cost \| Cost of Price Adjustment \| Implicit Contract \| Long-Term Relationship \| Preismanagement \| Pricing strategy \| Preisrigidität \| Price stickiness \| Theorie \| Theory \| Anpassungskosten \| Adjustment costs

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Extent:	1 Online-Ressource (circa 8 Seiten)
Series:	Department working papers / Bar-Ilan University, Department of Economics. - Ramat-Gan : [Verlag nicht ermittelbar], ZDB-ID 2480956-1. - Vol. 2022, 08
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/279448 [Handle]
Classification:	E31 - Price Level; Inflation; Deflation ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; M30 - Marketing and Advertising. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013465228