scholarly journals Not All Price Endings Are Created Equal: Price Points and Asymmetric Price Rigidity

2012 ◽  
Author(s):  
Avichai Snir ◽  
Daniel Levy ◽  
Alex Gotler ◽  
Haipeng (Allan) Chen
Keyword(s):  
Price Rigidity ◽  
Price Endings

scholarly journals The Effects of Price Endings on Price Rigidity: Evidence from VAT Changes

2019 ◽  
Author(s):  
Edward S. Knotek ◽  
Doron Sayag ◽  
Avichai Snir
Keyword(s):  
Price Rigidity ◽  
Price Endings

scholarly journals Not all price endings are created equal: Price points and asymmetric price rigidity

2020 ◽  
Vol 110 ◽  
pp. 33-49 ◽  
Author(s):  
Daniel Levy ◽  
Avichai Snir ◽  
Alex Gotler ◽  
Haipeng (Allan) Chen
Keyword(s):  
Price Rigidity ◽  
Price Endings

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

Downward Nominal Price Rigidity and Earnings Persistence

2015 ◽  
Author(s):  
Jin Xie
Keyword(s):  
Price Rigidity ◽  
Earnings Persistence

Exchange Rate and Import Price Rigidity in Russia

2017 ◽  
Author(s):  
Yuriy Ponomarev ◽  
Yury Andreevich Pleskachev
Keyword(s):  
Exchange Rate ◽  
Import Price ◽  
Price Rigidity

Quantity Adjustment Costs and Price Rigidity

1998 ◽  
Author(s):  
Per Svejstrup Hansen
Keyword(s):  
Adjustment Costs ◽  
Price Rigidity ◽  
Quantity Adjustment

scholarly journals Almost‐Maximization as a Behavioral Theory of the Firm: Static, Dynamic and Evolutionary Perspectives

2019 ◽  
Vol 56 (2) ◽  
pp. 237-258
Author(s):  
Huw Dixon
Keyword(s):  
Dynamic Behavior ◽  
Firm Behavior ◽  
Theory Of The Firm ◽  
Behavioral Theory ◽  
Price Rigidity ◽  
Price Setting ◽  
Term Survival ◽  
Sales Revenue ◽  
Evolutionary Perspectives

Abstract In this paper we consider the effect of epsilon maximization on firm behavior. In particular we focus on the dynamic behavior of firms with the use of the example of price‐setting: We show how almost-rational firms can be more volatile in their behavior. However, if a lexicographic preference for simplicity is made, then we can explain nominal price rigidity as a result of epsilon optimization. The behavior of the firm—which is consistent with its long‐term survival—is examined. We argue that epsilon-optimization is consistent with survival in any context in which something is optimized: such as sales revenue.

scholarly journals The New Keynesian Synthesis

1993 ◽  
Vol 7 (1) ◽  
pp. 5-22 ◽  
Author(s):  
David Romer
Keyword(s):  
Current Understanding ◽  
New Keynesian ◽  
Price Rigidity ◽  
Rapid Progress ◽  
The Past ◽  
Nominal Rigidity

The new Keynesians made more rapid progress in understanding the microeconomics of unemployment than in understanding the microeconomics of nominal price rigidity. But the past five years have seen important breakthroughs in this second area. This paper will describe these breakthroughs, discuss our current understanding of nominal rigidity, and assess the work that remains to be done.

scholarly journals Holiday Price Rigidity and Cost of Price Adjustment

2003 ◽  
Author(s):  
Daniel Levy ◽  
Georg Sebastian Müller ◽  
Shantanu Dutta ◽  
Mark E. Bergen
Keyword(s):  
Price Adjustment ◽  
Price Rigidity
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