Price rigidities, inventories, and growth fluctuations
Article Abstract:
A model was constructed to analyze the effects of inventories and price rigidities on business cycles, particularly on growth fluctuations and inflation. It was found that price flexibility and storability of inventory goods are important in decreasing fluctuations in business cycle, but they do not guarantee lower macroeconomic volatility. The effects of price adjustment costs and inventory costs are also discussed.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Optimal price promotion in the presence of asymmetric reference-price effects
Article Abstract:
A mathematical model for creation of reference price was used to study the impact of consumers' reference price on the effectiveness of price promotion. It was found that the consumers' perception of the appropriate price of a product or service affects how much the price can alter. Calculation of the ideal frequency and degree of price promotion is presented.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Sales by multi-product retailers
Article Abstract:
Underlying principle of price promotions of perishable food items, by supermarkets is examined.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Time to implement and aggregate fluctuations. Impatience and equilibrium indeterminacy. Optimal growth with decreasing marginal impatience
- Abstracts: Galtonian regression across countries and the convergence of productivity. Absorptive capacity and productivity spillovers from FDI: a threshold regression analysis
- Abstracts: Are cities dying? Who owns guns? Criminals, victims, and the culture of violence. Myths and realities of American political geography
- Abstracts: Vertical differentiation and the distribution of income. Training and lifetime income. Conditional cash transfers, public provision of private goods, and income redistribution
- Abstracts: Evidence of pro-poor growth in Azerbaijan. Water and environment issues in the Black, Caspian, and Aral seas. The budget process in Caspian countries: the experience of Kazakhstan and Azerbaijan