QUANTITY ADJUSTMENT COSTS AND PRICE STICKINESS

被引：4
|
作者：
GINSBURGH, V
MICHEL, P
MOES, P
机构：
[1] CORE, LOUVAIN, BELGIUM
[2] UNIV PARIS 01, F-75231 PARIS 05, FRANCE
来源：
ECONOMICS LETTERS | 1991年 / 36卷 / 02期
关键词：
D O I：
10.1016/0165-1765(91)90175-K
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Price stickiness is often modelled as the consequence of costly price adjustment mechanisms. We derive a similar result from costly quantity adjustment mechanisms. An interesting property of the model is that the optimal decision of each producer is more sluggish than the optimal behaviour of the industry as a whole. © 1991.
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页码：121 / 125
页数：5
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