1 option
Why are Prices Sticky? Preliminary Results from an Interview Study / Alan S. Blinder.
- Format:
- Book
- Author/Creator:
- Blinder, Alan S.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3646.
- NBER working paper series no. w3646
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1991.
- Summary:
- This paper reports preliminary results from a large research project on business pricing which is currently underway. The idea is to use interviews with actual price setters to assess the validity of a dozen theories of price stickiness. The rather unorthodox (for economists) methodology is defended; the research design is described briefly; and a few results based on the first 72 interviews (out of a projected 200) are presented. This sample suggests that the median firm changes its price annually and that price adjustments typically lag 3-4 months behind shocks to demand or cost.
- Notes:
- Print version record
- March 1991.
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