Gains from Price Rigidity

Abstract This paper shows that there are substantial gains from price rigidity in an imperfectly competitive economy. Firms can increase their profits by agreeing some markets as markets of long-term contracts, of which prices are determined in advance to other spot market prices. Although they dete...
Ausführliche Beschreibung

Gespeichert in:
Autor*in:

Nishimura, Kiyohiko G. [verfasserIn]

Format:

E-Artikel

Sprache:

Englisch

Erschienen:

2000

Anmerkung:

© Japanese Economic Association 2000

Übergeordnetes Werk:

Enthalten in: The Japanese economic review - Singapore : Springer, 1995, 51(2000), 1 vom: März, Seite 95-110

Übergeordnetes Werk:

volume:51 ; year:2000 ; number:1 ; month:03 ; pages:95-110

Links:

Volltext

DOI / URN:

10.1111/1468-5876.00141

Katalog-ID:

SPR038747111

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