Endogenous fixprices and sticky price adjustment of risk-averse firms
نویسندگان
چکیده
منابع مشابه
Endogenous Fixprices and Sticky Price Adjustment of Risk-averse Firms
A risk-averse price-setting firm which knows the quantity demanded at the status quo price but has imperfect information otherwise may choose not to change it although an otherwise identical risk-neutral firm would do so, provided the variance of the firm's subjective probability distribution over quantities demanded as a function of price displays a kink at the status quo. This is equivalent t...
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ژورنال
عنوان ژورنال: Journal of Economics
سال: 1997
ISSN: 0931-8658
DOI: 10.1007/bf01226830