Adjustment Costs, Concentration and Price Behaviour
نویسندگان
چکیده
منابع مشابه
Menu Costs and Asymmetric Price Adjustment
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The standard quadratic price adjustment cost function makes no allowance for firm size or for scale economies. Incorporating quadratic price adjustment costs into the profit function, a firm’s speed of price adjustment is both shown to be a positive/negative function of its size when firms have scale economies/diseconomies with regard to these costs and to be a negative function of market power...
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ژورنال
عنوان ژورنال: The Journal of Industrial Economics
سال: 1988
ISSN: 0022-1821
DOI: 10.2307/2098451