| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14933 |
| 来源ID | Working Paper 14933 |
| Altruistic Dynamic Pricing with Customer Regret | |
| Julio J. Rotemberg | |
| 发表日期 | 2009-04-30 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | A model is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price increases is less sensitive to inflation than in models with fixed costs of changing prices. The latter predict unrealistically large responses of price changes to inflation for firms that do not frequently reduce their prices. Adjustment costs that depend on the size of price changes also raise the variability on the size of price increases. Lastly, it is argued that the common practice of announcing price increases in advance is much easier to rationalize with regret concerns by consumers than with more standard approaches to price rigidity. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Business Cycles ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w14933 |
| 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/572609 |
| 推荐引用方式 GB/T 7714 | Julio J. Rotemberg. Altruistic Dynamic Pricing with Customer Regret. 2009. |
| 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 | ||
| w14933.pdf（290KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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