Kwapil, Claudia; Scharler, Johann; Baumgartner, Josef - In: Managerial and Decision Economics 31 (2010) 2-3, pp. 151-160
In this paper we investigate the response of prices to shocks based on a survey of Austrian firms. We find that firms are more likely to change prices after a cost shock than after a demand shock. In this vein, our analysis suggests that regular customers are an important explanation for price...
