Scandinavian Working Papers in Economics
Working Papers,
Lund University, Department of Economics
No 2008:6: The choice between state- and time-dependent price rules
Klas Fregert ()
Additional contact information
Klas Fregert: Department of Economics, Lund University, Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund, Sweden
Abstract: Large review costs lead to time-dependent price setting rules. State-dependent rules become more likely when there is an increase in: set-up costs, the variability of the equilibrium price or the efficiency loss associated with being away from equilibrium.
Keywords: time-dependent price rule; state-dependent price rule
11 pages, March 24, 2008
Full text files
WP08_6.pdf
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