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来源类型Working Papers
规范类型论文
来源IDWP-2015-009
The Simple Economics of Asymmetric Cost Pass-Through
Robert A. Ritz
发表日期2015-06
出版年2015
语种英语
摘要

Robert A. Ritz, June 2015

In response to cost changes, prices often rise more strongly or quickly than they fall. This phenomenon has attracted attention from economists, policymakers, and the general public for decades. Many assert that it cannot be explained by standard economic theory, and is evidence for “anti-competitive ”behavior by firms. This paper argues against this conventional wisdom; it shows that simple price theory can, in principle, account for such asymmetric pass-through— even with perfect competition. From a policy perspective, knowledge of cost pass-through patterns in a market does not allow for strong inferences on the intensity of competition.

Keywords: Asymmetric price transmission, cost pass-through, electricity markets, price theory, rockets and feathers

关键词Asymmetric price transmission cost pass-through electricity markets price theory rockets and feathers
URLhttp://ceepr.mit.edu/publications/working-papers/628
来源智库Center for Energy and Environmental Policy Research (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/172782
推荐引用方式
GB/T 7714
Robert A. Ritz. The Simple Economics of Asymmetric Cost Pass-Through. 2015.
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