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Asymmetric price adjustment – evidence for India [PDF]
Journal of Economic Asymmetries, 2015 Abstract This study examines whether there exists asymmetry in the price adjustment of firms, as anticipated by Ball and Mankiw (1994) , in an error correction framework. We used monthly time series data on prices of 419 commodities, which constitute 97% of commodity price basket used in the construction of wholesale price index in India.
Sartaj Rasool Rather, S Raja Sethu Durai
exaly +3 more sources
Asymmetric Price Adjustment and Economic Fluctuations [PDF]
Economic Journal, 1994 This paper considers a possible explanation for asymmetric adjustment of nominal prices. The authors present a menu-cost model in which positive trend inflation causes firms' relative prices to decline automatically between price adjustments. In this environment, shocks that raise firms' desired prices trigger larger price responses than shocks that ...
Laurence Ball +2 more
exaly +2 more sources
Price transmission and asymmetric adjustment in the Spanish dairy sector [PDF]
Applied Economics, 2003 Asymmetric threshold vector error correction models are applied to monthly price data to analyse price relationships and patterns of transmission among farm and retail markets for a variety of dairy products in Spain. The results suggest that asymmetries affect a conspicuous part of the raw milk processed in Spain.
TERESA Serra, Barry K Goodwin
exaly +3 more sources
Analysis of Price Dynamic Competition and Stability in Cross-Border E-Commerce Supply Chain Channels Empowered by Blockchain Technology [PDF]
EntropyBased on the perspective of multi-stage dynamic competition, this study constructs a discrete dynamic model of price competition between the “direct sales” and “resale” channels in cross-border e-commerce (CBEC) under three blockchain deployment modes ...
Le-Bin Wang, Jian Chai, Lu-Ying Wen
doaj +2 more sources
Menu costs and asymmetric price adjustment
International Journal of Industrial OrganizationWe study optimal price setting by a monopolist in an infinite horizon model with stochastic costs, moderate inflation, and costly price adjustment. For realistic parameters, chosen to generate observed frequencies of price changes, the model can account for several aggregate regularities.
Tore Ellingsen +2 more
exaly +4 more sources
Asymmetric price adjustment over the business cycle
Economics LettersStudies of micro-level price datasets find more frequent small price increases than decreases, which can be explained by consumer inattention because time-constrained shoppers might ignore small price changes. Recent empirical studies of the link between shopping behavior and price attention over the business cycle find that consumers are more (less ...
Daniel Levy, Haipeng Chen, Sourav Ray
exaly +8 more sources
Asymmetric Price Transmission of Some Basic Commodities in Indonesia
Media Ekonomi dan Manajemen, 2023 The prices of these international goods, world oil prices, exchange rates, and government policies, always influence developments in the current global era that drive domestic commodity prices.
Mahjus Ekananda
doaj +1 more source
Cogent Food & Agriculture, 2023 This study explored the average price series of two meat products (beef and mutton) sold at retail markets in five countries worldwide using monthly data from 2016 to 2020.
Nanii Yenibehit
doaj +1 more source
Asymmetric Adjustments of Price and Output [PDF]
SSRN Electronic Journal, 1997 Classical theories predict rapid price adjustments, which are observed in inflationary episodes; Keynesian theories of sticky prices predict sluggish price responses, which are observed in contractions. We attempt to reconcile these observations in a model with asymmetries in producer price and output adjustments.
Peter A. Tinsley, Reva Krieger
openaire +2 more sources
Asymmetric Price Adjustment in the Small [PDF]
SSRN Electronic Journal, 2006 Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity - small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for the entire sample and for individual categories. We find that
Levy, Daniel +3 more
openaire +7 more sources