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Determinants of price adjustment

Determinants of price adjustment This paper reports results of an empirical study investigating the adjustment speed of prices to change in costs and demand. Particular emphasis is laid on the impact of concentration on the adjustment speed. In addition, the effects of the business cycle and capital intensity are considered. It shows that concentrated industries tend to adjust prices faster, while capital intensity has a negative impact. Prices are more flexible during an upswing than in times of a recession. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Economics Taylor & Francis

Determinants of price adjustment

Applied Economics , Volume 27 (6): 7 – Jun 1, 1995

Determinants of price adjustment

Applied Economics , Volume 27 (6): 7 – Jun 1, 1995

Abstract

This paper reports results of an empirical study investigating the adjustment speed of prices to change in costs and demand. Particular emphasis is laid on the impact of concentration on the adjustment speed. In addition, the effects of the business cycle and capital intensity are considered. It shows that concentrated industries tend to adjust prices faster, while capital intensity has a negative impact. Prices are more flexible during an upswing than in times of a recession.

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References (27)

Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1466-4283
eISSN
9999-7004
DOI
10.1080/00036849500000137
Publisher site
See Article on Publisher Site

Abstract

This paper reports results of an empirical study investigating the adjustment speed of prices to change in costs and demand. Particular emphasis is laid on the impact of concentration on the adjustment speed. In addition, the effects of the business cycle and capital intensity are considered. It shows that concentrated industries tend to adjust prices faster, while capital intensity has a negative impact. Prices are more flexible during an upswing than in times of a recession.

Journal

Applied EconomicsTaylor & Francis

Published: Jun 1, 1995

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