Axarloglou, Kostas; Tsapralis, Demetrios - In: Eastern Economic Journal 30 (2004) 2, pp. 223-235
The present study contributes to the literature of countercyclical price markups (real price rigidities). Specifically, it discusses the relation between new product introductions and industry and aggregate demand fluctuations, as well as their impact on firms' pricing policies, and in...