16,393
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

Price rigidity, market competition, and product differentiation

ORCID Icon &
Pages 2941-2958 | Received 26 Sep 2017, Accepted 21 May 2018, Published online: 12 Sep 2019

References

  • Ball, Laurence, & Romer, David. (1991). Sticky Prices as Coordination Failure. American Economic Review, 81(3), 539–552.
  • Bedrossian, A., & Moschos, D. (1988). Industrial structure, concentration and the speed of price adjustment. The Journal of Industrial Economics, 26, 459–475. doi: 10.2307/2098450
  • Butz, David A. (1997). Vertical Price Controls with Uncertain Demand. Journal of Law and Economics, 40(2), 433–460.
  • Carlton, D. W. (1986). The rigidity of prices. American Economic Review, 76, 637–658.
  • Caucutt, E. M., Ghosh, M., & Kelton Christina, L. (1999). Durability versus concentration as an explanation for price inflexibility. Review of Industrial Organization, 14(1), 27–50. doi: 10.1023/A:1007723912369
  • Chen, G. R. (2016). Dynamic model for market competition and price rigidity. Applied Economics, 48(36), 3485–3496. doi: 10.1080/00036846.2016.1139681
  • Conlisk, J., Gerstner, E., & Sobel, J. (1984). Cyclic pricing by a durable goods monopolist. The Quarterly Journal of Economics, 99(3), 489–505. doi: 10.2307/1885961
  • Cox, J. C., Ross, S. A., & Rubinstein, M. (1979). Option pricing: A simplified approach. Journal of Financial Economics, 7(3), 229–263. doi: 10.1016/0304-405X(79)90015-1
  • Domberger, S. (1979). Price adjustment and market structure. The Economic Journal, 89(353), 96–108. doi: 10.2307/2231409
  • Domberger, S. (1983). Industrial structure, pricing and inflation. Martin Robinson, UK: Oxford.
  • Domowitz, I., Hubbard, R. G., & Petersen, B. C. (1986). Business cycles and the relationship between concentration and price-cost margins. The Rand Journal of Economics, 17(1), 1–17.
  • Gaspar, V., Smets, F., & Vestin, D. (2010). Is the time for price-level path stability?. In P. Siklos, M. T. Bohl, & M. E. Wohar (Eds.), Challenges in central banking: The current institutional environment and forces affecting monetary policy. Cambridge: Cambridge University Press.
  • Geroski, P. A. (1992). Price dynamics in UK manufacturing: A microeconomic view. Economica, 59(236), 403–419. doi: 10.2307/2554887
  • Gordon, R. J. (1981). Output fluctuations and gradual price adjustment. Journal of Economic Literature, 19, 493–530.
  • Greenslade, J. V., & Parker, M. (2012). New insights into price-setting behaviour in the UK: Introduction and survey results. The Economic Journal, 122(558), F1–15. doi: 10.1111/j.1468-0297.2011.02492.x
  • Jullien, B., & Rey, P. (2007). Resale Price Maintenance and Collusion. The Rand Journal of Economics, 38(4), 983–1001. doi: 10.1111/j.0741-6261.2007.00122.x
  • Kahn, G. A. (2009). Beyond inflation targeting: Should central banks target the price level? Federal Reserve Bank of Kansas City Economic Review, 2009, 35–64.
  • Kraft, K. (1995). Determinants of price adjustment. Applied Economics, 27(6), 501–507. doi: 10.1080/00036849500000137
  • Means, G. C. (1935). Industrial prices and their relative inflexibility. Paper Presented at the US Senate Document 13, 74th Congress, 1st Session, US Govt. Printing Office, Washington, DC.
  • Meyer, J., & Cramon-Taubadel, S. (2004). Asymmetric price transmission: A survey. Journal of Agricultural Economics, 55(3), 581–611. doi: 10.1111/j.1477-9552.2004.tb00116.x
  • Peltzman, S. (2000). Prices rise faster than they fall. Journal of Political Economy, 108(3), 466–502. doi: 10.1086/262126
  • Powers, E. T., & Powers, N. J. (2001). The size and frequency of price changes: Evidence from grocery stores. Review of Industrial Organization, 18(4), 397–416.
  • Schramm, R., & Sherman, R. (1977). A rationale for administered pricing. Southern Economic Journal, 44(1), 125–135. doi: 10.2307/1057306
  • Serra, T., & Goodwin, B. K. (2003). Price transmission and asymmetric adjustment in the Spanish dairy sector. Applied Economics, 35(18), 1889–1899. doi: 10.1080/00036840310001628774
  • Setiawan, M., Emvalomatis, G., & Oude, L. A. (2015). Price rigidity and industrial concentration: Evidence from the Indonesian food and beverages industry. Asian Economic Journal, 29(1), 61–72. doi: 10.1111/asej.12047
  • Taylor, J. B. (2000). Low inflation, pass-through and the pricing power of firms. European Economic Review, 44(7), 1389–1408. doi: 10.1016/S0014-2921(00)00037-4
  • Tirole, J. (1988). The theory of industrial organization. Cambridge, Mass: MIT Press.
  • Weiss, C. R. (1995). Determinants of price flexibility in oligopolistic markets: Evidence from Austrian manufacturing firms. Journal of Economics and Business, 47(5), 423–439. doi: 10.1016/0148-6195(95)00036-4