A Young Economist S Guide Price Discrimination

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A Guide for the Young Economist

Author : William Thomson
Publisher : MIT Press
Page : 135 pages
File Size : 49,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780262201339

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A Guide for the Young Economist by William Thomson Pdf

In clear, concise language--a model for what he advocates--William Thomson shows how to make written and oral presentations both inviting and efficient.

A Young Economist's Guide: Sunk Costs

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 48,5 Mb
Release : 2020-07
Category : Electronic
ISBN : 1735215422

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A Young Economist's Guide: Sunk Costs by Anonim Pdf

A Young Economist's Guide: Monopsony

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 47,5 Mb
Release : 2020-07
Category : Electronic
ISBN : 1735215457

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A Young Economist's Guide: Monopsony by Anonim Pdf

The Economics of Price Discrimination

Author : George Norman
Publisher : Edward Elgar Publishing
Page : 624 pages
File Size : 41,8 Mb
Release : 1999
Category : Business & Economics
ISBN : UOM:39015048547916

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The Economics of Price Discrimination by George Norman Pdf

This volume brings together significant articles which have appeared between 1971 and 1997, analyzing the application and effects of price discrimination.

The Economics of Price Discrimination

Author : Louis Phlips
Publisher : Unknown
Page : 284 pages
File Size : 51,9 Mb
Release : 1985
Category : Electronic
ISBN : LCCN:lc82014625

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The Economics of Price Discrimination by Louis Phlips Pdf

Asking About Prices

Author : Alan Blinder,Elie R.D. Canetti,David E. Lebow,Jeremy B. Rudd
Publisher : Russell Sage Foundation
Page : 412 pages
File Size : 44,9 Mb
Release : 1998-01-08
Category : Business & Economics
ISBN : 9781610440684

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Asking About Prices by Alan Blinder,Elie R.D. Canetti,David E. Lebow,Jeremy B. Rudd Pdf

Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.