Data/hora: 10/06/2024 13:58:50

Provedor de dados: | 31
País: | United States
Título: | Consumption Inertia and Asymmetric Price Transmission
Autores: | Xia,   Tian; Li,   Xianghong.
Data: | 2010-08-17
Ano: | 2010
Palavras-chave: | Asymmetric price transmission; Consumption inertia; Market power; Retail pricing; Demand and Price Analysis.
Resumo: | We propose consumption inertia as a new explanation for asymmetric price transmission. Inertia in consumer demand enlarges retailers’ gains in gross profits from raising prices in response to higher wholesale prices and reduces gains from decreasing prices in response to lower wholesale prices. Thus, consumption inertia can cause asymmetries in price transmission whereby retailers are more willing to change their prices, and change them more quickly, in response to wholesale price increases as opposed to wholesale price decreases.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/93210
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 35, Number 2, August 2010
Formato: | 19