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Book Optimal Pricing  Inflation  and the Cost of Price Adjustment

Download or read book Optimal Pricing Inflation and the Cost of Price Adjustment written by Eytan Sheshinski and published by MIT Press. This book was released on 1993 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this elusive question. What are the real effects of inflation? These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this elusive question. Covering a broad range of theory and applications by well-known microeconomists, the eighteen contributions evaluate the effects of inflation on aggregate output and on welfare and reveal the scope of recent efforts to explicitly incorporate frictions in economic models. A basic building block common to most of the essays in this volume is the observation that individual firms change nominal prices intermittently. The frequency and size of nominal price changes are influenced by the cost of price adjustment and changes in the economic environment, production costs, market demand, market structure, and most important, inflation. Thus the degree of nominal rigidity is influenced by the economic environment, and in a dynamic context. Two introductory essays survey the empirical studies of pricing policies by individual firms and the theoretical efforts to integrate the nominal rigidities at the micro level into macro relationships. The essays that follow treat the general problem of optimal dynamic adjustment in the presence of convex costs of adjustment, include applications of the inventory models to the case of nominal price adjustment by an individual firm, address the question of aggregation, introduce active search by consumers, and provide empirical analysis of nominal price rigidities.

Book Proceedings

    Book Details:
  • Author :
  • Publisher :
  • Release : 1995
  • ISBN :
  • Pages : 812 pages

Download or read book Proceedings written by and published by . This book was released on 1995 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Idiosyncratic Variation of Treasury Bill Yields

Download or read book Idiosyncratic Variation of Treasury Bill Yields written by Gregory R. Duffee and published by . This book was released on 1994 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Economic Review

Download or read book Economic Review written by and published by . This book was released on 2000 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Effect of Changes in Ownership Structure on Performance

Download or read book The Effect of Changes in Ownership Structure on Performance written by Rebel A. Cole and published by . This book was released on 1996 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Benefits of Low Inflation

Download or read book The Benefits of Low Inflation written by Brian O'Reilly and published by . This book was released on 1998 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the empirical literature on the benefits of low inflation, emphasizing contributions since 1990. It follows a framework that examines the costs of inflation, or the benefits of price stability, in the context of four themes: inflation creates uncertainty about the future; there are costs of having to cope with inflation; inflation affects equity and fairness; and living with inflation is no answer. The section on each theme begins with a brief summary of points raised in the Bank of Canada's 1990 annual report, where that framework was presented. The empirical literature is reviewed extensively enough to establish a context. This is followed by discussion of those benefits of low inflation that have been quantified in the literature and those that have not; how the literature on the issue has advanced since 1990; and what areas might benefit from more research in the future.

Book Stock Market Fluctuations and the Term Structure

Download or read book Stock Market Fluctuations and the Term Structure written by Chunsheng Zhou and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Why are Estimates of Agricultural Supply Response So Variable

Download or read book Why are Estimates of Agricultural Supply Response So Variable written by Russell L. Lamb and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Efficiency Cost of Market Power in the Banking Industry

Download or read book The Efficiency Cost of Market Power in the Banking Industry written by Allen N. Berger and published by . This book was released on 1994 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: