from price regulations that are imposed on competitive markets for products that have adjustable non-price attributes … for quantity. Producers can benefit from price ceilings, at the expense of consumers. Price ceilings can result in quality …

surprising market behaviors that can result from price regulations that are imposed on competitive markets for products that have … adjustable non-price attributes. Quality need not clear a competitive market in the same way that prices do, because quality can … reduce the willingness to pay for quantity. Producers can benefit from price ceilings, at the expense of consumers. Price …

sticky-price sector and a subsidized price sector for a large number of countries using Bayesian methods. The main result of …, we numerically identify country specific thresholds for the degree of government intervention in price setting under …

We give a thorough analytic characterization of a large class of sticky-price models where the firm's price setting … behavior is described by a generalized hazard function. Such a function provides a tractable description of the firm's price … adjustment costs and the implied generalized hazard function, using the distribution of price changes or the distribution of …

We give a thorough analytic characterization of a large class of sticky-price models where the firm's price setting … behavior is described by a generalized hazard function. Such a function provides a tractable description of the firm's price … adjustment costs and the implied generalized hazard function, using the distribution of price changes or the distribution of …