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| Tekijä: | Nishimura, K. |
| Otsikko: | Gains from price rigidity |
| Lehti: | Japanese Economic Review
2000 : MAR, VOL. 51:1, p. 95-110 |
| Asiasana: | Price determination Macroeconomics Prices |
| Kieli: | eng |
| Tiivistelmä: | This paper shows that there are substantial gains from price rigidity in an imperfectly competitive economy. Firms can increase their profits by agreeing some markets as markets of long-term contracts, of which prices are determined in advance to other spot market prices. |
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