Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5078213 | International Journal of Industrial Organization | 2012 | 6 Pages |
Abstract
⺠Firms may prefer not to change prices so as to avoid consumer search. ⺠This leads to price stickiness: prices do not change even when costs have changed. ⺠We present a model with these features and suggest additional implications.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
LuÃs Cabral, Arthur Fishman,