| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5396 |
| DP5396 Competition for Railway Markets: The Case of Baden-Württemberg | |
| Rafael Lalive; Armin Schmutzler | |
| 发表日期 | 2005-12-12 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We use a unique panel data set to analyse price setting in restaurants in Switzerland 1977-93, for items known to have sticky prices. The macroeconomic environment during this time period allows us to examine how firms adjust prices at low (0%) and fairly high (7%) inflation. Our results indicate that firms strongly react to inflation in the timing of their price adjustment: hazard of price changes is increasing with time and becomes steeper at higher inflation rates. However, we find little evidence that the amount by which they change the price responds to the inflation rate. |
| 主题 | Industrial Organization |
| 关键词 | Sticky prices inflation Nominal inertia |
| URL | https://cepr.org/publications/dp5396 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534256 |
| 推荐引用方式 GB/T 7714 | Rafael Lalive,Armin Schmutzler. DP5396 Competition for Railway Markets: The Case of Baden-Württemberg. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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