Hauenschild, Nils; Stahlecker, Peter - In: Jahrbücher für Nationalökonomie und Statistik 224 (2004) 1-2, pp. 37-50
but kept as close as possible to the current price. Hence, the model provides an explanation for the existence of price … rigidities which is not based on any technical adjustment or menu costs but simply on how human decision makers may deal with …