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firm pricing is indeed asymmetric, as Tobin (1972) suggested. Moreover, there is strong evidence to support Ball and Mankiw …'s (1994) suggestion that firm price asymmetry is dependent on inflation. …
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This study deals with the pricing and hedging of inflation-indexed bonds. Under foreign exchange analogy we model the … ffine property, we compute the nominal and inflation-indexed bond prices explicitly. We derive no-arbitrage drift conditions …
Persistent link: https://www.econbiz.de/10010257509
an economy with moderate inflation, such as Argentina. Using weekly frequency data, five versions of the function that …
Persistent link: https://www.econbiz.de/10012522558
Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation …
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Mobile telecommunications operators routinely charge higher prices for off-net than on-net calls. Previous research provides two alternative propositions on whether on-net / off-net price differentials (OOD) are more attractive for large or for small operators. On the one hand studies on...
Persistent link: https://www.econbiz.de/10010599192
take the outcomes of the subsequent post-entry (Cournot) competition into account in making their entry decisions. We …
Persistent link: https://www.econbiz.de/10009204324