Downward, Paul - In: Eastern Economic Journal 27 (2001) 2, pp. 165-182
Keynesian pricing theory is put forward. In seeking to empirically re-examine this theory, and consistent with an open … business activity. The results show that pricing stability is actively sought, that firms are interested in long-run pursuit of … objectives including goodwill, and that firms set prices with reference to their competitors by following mark-up pricing …