Aucremanne, Luc; Druant, Martine - Nationale Bank van België/Banque national de Belqique (BNB) - 2005
This paper reports the results of an ad hoc survey on price-setting behaviour conducted in February 2004 among 2,000 Belgian firms. The reported results clearly deviate from a situation of perfect competition and show that firms have some market power. Pricing-to-market is applied by a majority...