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Author:Slade, M.
Title:Sticky prices in a dynamic oligopoly: an investigation of (s,S) thresholds
Journal:International Journal of Industrial Organization
1999 : MAY, VOL. 17:4, p. 477-512
Index terms:PRICES
DYNAMIC MODELS
OLIGOPOLY
Language:eng
Abstract:The strategic implications of costly price adjustment are investigated empirically. The authors assumes that managers are engaged in a state-space game and ask if the dynamic considerations that arise when they condition their choices on the state cause prices to be more or less rigid than when players use more myopic pricing rules. The answer to this question depends on a parametric specification of the problem that lends itself to empirical assessment.
SCIMA record nr: 199330
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