The choice between state- and time-dependent price rules

Fregert, Klas

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259954

Title:

The choice between state- and time-dependent price rules

Authors:

Fregert, Klas

Year of Publication:

2008

Series/Report no.:

Working Paper No. 2008:6

Publisher:

Lund University, School of Economics and Management, Department of Economics, Lund

Abstract:

Large review costs lead to time-dependent price setting rules. State-dependent rules become more likely when there is an increase in: set-up costs, the variability of the equilibrium price or the efficiency loss associated with being away from equilibrium.

Subjects:

time-dependent price rule
state-dependent price rule

JEL:

E31
E32

Document Type:

Working Paper

Appears in Collections:

Working Papers, Department of Economics, School of Economics and Management, Lund University

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