| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9741 |
| 来源ID | Working Paper 9741 |
| Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices | |
| Michael C. Davis; James D. Hamilton | |
| 发表日期 | 2003-06-02 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the menu-cost model as a literal description of these firms' behavior, arguing instead that price stickiness arises from strategic considerations of how customers and competitors will react to price changes. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w9741 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567365 |
| 推荐引用方式 GB/T 7714 | Michael C. Davis,James D. Hamilton. Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w9741.pdf（279KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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