Synopsis
Understanding why prices stick, and what that means for markets
This book explores how firms set prices when changing them is costly, risky, or information?intensive. It shows why duopolies and monopolists may react differently to shifts in costs and demand, and how product differentiation matters for price changes in a dynamic economy.
In clear, formal terms, the work compares monopoly pricing with oligopoly behavior, highlighting how fixed and search costs influence the frequency of price changes. It also examines how learning about costs and reacting to inflation or deflation can shape profits and market outcomes. The discussion connects theoretical insights to broader questions about inflation, price setting, and competitive strategy.
- How fixed costs of changing prices affect when firms decide to adjust their prices.
- Why duopolists may react differently from a monopolist when costs or demand shift.
- The impact of product differentiation on price rigidity and strategic responses.
- How stochastic costs and information search influence pricing decisions and profits.
Ideal for readers of economic theory and those interested in how price dynamics shape real markets.
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The Relative Rigidity of Monopoly Pricing (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
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Paperback. Etat : New. Print on Demand. This book investigates why companies with a single dominant control in the marketplace, known as monopolies, tend to change the prices of their products less often than oligopolies, businesses with fewer dominant firms within a market. The author analyzes industry structure and its relationship with pricing, with a specific emphasis on rigidity in pricing. The author utilizes several empirical studies to support the central thesis that while there may be costs to changing prices, the benefits of doing so are less valuable to monopolies than they are to oligopolies. The author concludes that understanding the different incentives that oligopolies and monopolies have to adjust their prices is valuable for business strategists and policymakers alike. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781334475962_0
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The Relative Rigidity of Monopoly Pricing Classic Reprint
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334475962
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The Relative Rigidity of Monopoly Pricing Classic Reprint
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
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PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334475962
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Rotemberg, J: Relative Rigidity of Monopoly Pricing (Classic
Vendeur : moluna, Greven, Allemagne
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Etat : New. KlappentextrnrnExcerpt from The Relative Rigidity of Monopoly PricingThe relationship between industry structure and pricing is a major focus of Industrial Organization. One of the most striking facts to have emerged about this relations. N° de réf. du vendeur 2148147051
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