haku: @author Peltzman, S. / yhteensä: 2
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| Tekijä: | Peltzman, S. |
| Otsikko: | Prices rise faster than they fall |
| Lehti: | Journal of Political Economy
2000 : JUN, VOL. 108:3, p. 466-50218 |
| Asiasana: | POLITICAL ECONOMY PRICES CONSUMERS |
| Kieli: | eng |
| Tiivistelmä: | Option prices tend to respond faster to input increases than to decreases. This tendency is found in more than two of every three markets examined. It is found as frequently in producer goods markets as in consumer goods markets. In both kinds of markets the asymmetric response to cost shocks is sssubstantial and durable. On average, the immediate response to a positive cost stock is at least twice the response to a negative shock, and that difference is sustained for at least ffive to eight months. |
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