The choice between state- and time-dependent price rules

Large review costs lead to time-dependent price setting rules. State-dependent rules become more likely when there is an increase in: set-up costs, the variability of the equilibrium price or the efficiency loss associated with being away from equilibrium.

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Year of publication:	2008
Authors:	Fregert, Klas
Publisher:	Lund : Lund University, School of Economics and Management, Department of Economics
Subject:	time-dependent price rule \| state-dependent price rule

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Series:	Working Paper ; 2008:6
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	560400098 [GVK] hdl:10419/259954 [Handle] RePEc:hhs:lunewp:2008_006 [RePEc]
Classification:	E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10013208525