Optimal pricing, inflation, and the cost of price adjustment /
These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this elusive question
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c1993
Cambridge, Mass. : ©1993 Cambridge, Mass. : [1993] |
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| 245 | 0 | 0 | |a Optimal pricing, inflation, and the cost of price adjustment / |c edited by Eytan Sheshinski and Yoram Weiss |
| 260 | |a Cambridge, Mass. : |b MIT Press, |c c1993 | ||
| 260 | |a Cambridge, Mass. : |b MIT Press, |c ©1993 | ||
| 264 | 1 | |a Cambridge, Mass. : |b MIT Press, |c [1993] | |
| 264 | 4 | |c ©1993 | |
| 300 | |a xi, 520 p. : |b ill ; |c 24 cm | ||
| 300 | |a xi, 520 p. : |b ill. ; |c 24 cm | ||
| 300 | |a xi, 520 pages : |b illustrations ; |c 24 cm | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a unmediated |b n |2 rdamedia | ||
| 338 | |a volume |b nc |2 rdacarrier | ||
| 500 | |a This WorldCat-derived record is shareable under Open Data Commons ODC-BY, with attribution to OCLC |5 CTY | ||
| 504 | |a Includes bibliographical references and index | ||
| 505 | 0 | |a 9. Menu Costs and the Neutrality of Money / Andrew S. Caplin and Daniel F. Spulber. 10. Dynamic (S,s) Economies / Ricardo J. Caballero and Eduardo M.R.A. Engel. 11. State-Dependent Pricing and the Dynamics of Money and Output / Andrew Caplin and John Leahy -- V. Search and the Welfare Costs of Inflation. 12. Search, Price Setting, and Inflation / Roland Benabou. 13. Inflation and Efficiency in Search Markets / Roland Benabou. 14. Search, Sticky Prices, and Inflation / Peter Diamond -- VI. Pricing Policies Under Inflation: The Empirical Evidence. 15. Why Are Prices Sticky? Preliminary Results from an Interview Study / Alan S. Blinder. 16. The Frequency of Price Adjustment: A Study of Newsstand Prices of Magazines / Stephen G. Cecchetti. 17. The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregated Price Data / Saul Lach and Daniel Tsiddon. 18. Inflation and Relative Prices: Evidence from Argentina / Mariano Tommasi | |
| 505 | 0 | |a I. Nominal Rigidities: Microeconomic Evidence and Macroeconomic Implications. 1. Inflation and Price Adjustment: A Survey of Findings from Micro-Data / Yoram Weiss. 2. Individual Inertia and Aggregate Dynamics / Andrew Caplin -- II. Tools of Analysis: Mathematical Theory of Inventory Control. 3. The Optimality of (S,s) Policies in the Dynamic Inventory Problem / Herbert Scarf. 4. Quasi-Variational Inequalities and Impulse Control / Agnes Sulem. 5. A Simplified Treatment of the Theory of Optimal Regulation of Brownian Motion / Avinash Dixit -- III. Optimal Pricing Policies Under Inflation. 6. Inflation and Costs of Price Adjustment / Eytan Sheshinski and Yoram Weiss. 7. Optimum Pricing Policy under Stochastic Inflation / Eytan Sheshinski and Yoram Weiss. 8. Staggered and Synchronized Price Policies under Inflation: The Multi-product Monopoly Case / Eytan Sheshinski and Yoram Weiss -- IV. Aggregation and the Effects of Money on Aggregate Output | |
| 505 | 0 | |a Inflation and price adjustment : a survey of findings from micro-data / Yoram Weiss -- Individual inertia and aggregate dynamics / Andrew Caplin -- The optimality of (S, s) policies in the dynamic inventory problem / Herbert Scarf -- Quasi-variational inequalities and impulse control / Agnès Sulem -- A simplified treatment of the theory of optimal regulation of Brownian motion / Avinash Dixit -- Inflation and costs of price adjustment ; Optimum pricing policy under stochastic inflation ; Staggered and synchronized price policies under inflation : the multi-product monopoly case / Eytan Sheshinski and Yoram Weiss -- Menu costs and the neutrality of money / Andrew S. Caplin and Daniel F. Spulber -- Dynamic (S, s) economies / Ricardo J. Caballero and Eduardo M.R.A. Engel -- State-dependent pricing and the dynamics of money and output / Andrew Caplin and John Leahy | |
| 505 | 0 | |a Search, price setting, and inflation ; Inflation and efficiency in search markets / Roland Benabou -- Search, sticky prices, and inflation / Peter Diamond -- Why are prices sticky? ; preliminary results from an interview study / Alan S. Blinder -- The frequency of price adjustment : a study of newsstand prices of magazines / Stephen G. Cecchetti -- The behavior of prices and inflation : an empirical analysis of disaggregated price data / Saul Lach and Daniel Tsiddon -- Inflation and relative prices : evidence from Argentina / Mariano Tommasi | |
| 505 | 0 | 0 | |g I |t Nominal Rigidities: Microeconomic Evidence and Macroeconomic Implications. |g 1. |t Inflation and Price Adjustment: A Survey of Findings from Micro-Data / |r Yoram Weiss. |g 2. |t Individual Inertia and Aggregate Dynamics / |r Andrew Caplin -- |g II. |t Tools of Analysis: Mathematical Theory of Inventory Control. |g 3. |t The Optimality of (S,s) Policies in the Dynamic Inventory Problem / |r Herbert Scarf. |g 4. |t Quasi-Variational Inequalities and Impulse Control / |r Agnes Sulem. |g 5. |t A Simplified Treatment of the Theory of Optimal Regulation of Brownian Motion / |r Avinash Dixit -- |g III. |t Optimal Pricing Policies Under Inflation. |g 6. |t Inflation and Costs of Price Adjustment / |r Eytan Sheshinski and Yoram Weiss. |g 7. |t Optimum Pricing Policy under Stochastic Inflation / |r Eytan Sheshinski and Yoram Weiss. |g 8. |t Staggered and Synchronized Price Policies under Inflation: The Multi-product Monopoly Case / |r Eytan Sheshinski and Yoram Weiss -- |g IV. |t Aggregation and the Effects of Money on Aggregate Output. |g 9. |t Menu Costs and the Neutrality of Money / |r Andrew S. Caplin and Daniel F. Spulber. |g 10. |t Dynamic (S,s) Economies / |r Ricardo J. Caballero and Eduardo M.R.A. Engel. |g 11. |t State-Dependent Pricing and the Dynamics of Money and Output / |r Andrew Caplin and John Leahy -- |g V. |t Search and the Welfare Costs of Inflation. |g 12. |t Search, Price Setting, and Inflation / |r Roland Benabou. |g 13. |t Inflation and Efficiency in Search Markets / |r Roland Benabou. |g 14. |t Search, Sticky Prices, and Inflation / |r Peter Diamond -- |g VI. |t Pricing Policies Under Inflation: The Empirical Evidence. |g 15. |t Why Are Prices Sticky? Preliminary Results from an Interview Study / |r Alan S. Blinder. |g 16. |t The Frequency of Price Adjustment: A Study of Newsstand Prices of Magazines / |r Stephen G. Cecchetti. |g 17. |t The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregated Price Data / |r Saul Lach and Daniel Tsiddon. |g 18. |t Inflation and Relative Prices: Evidence from Argentina / |r Mariano Tommasi. |
| 520 | |a These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this elusive question | ||
| 520 | 1 | |a "What are the real effects of inflation? These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this elusive question. Covering a broad range of theory and applications by well-known microeconomists, the eighteen contributions evaluate the effects of inflation on aggregate output and on welfare and reveal the scope of recent efforts to explicitly incorporate frictions in economic models." "A basic building block common to most of the essays in this volume is the observation that individual firms change nominal prices intermittently. The frequency and size of nominal price changes are influenced by the cost of price adjustment and changes in the economic environment, production costs, market demand, market structure, and most important, inflation. Thus the degree of nominal rigidity is influenced by the economic environment, and in a dynamic context." "Two introductory essays survey the empirical studies of pricing policies by individual firms and the theoretical efforts to integrate the nominal rigidities at the micro level into macro relationships. The essays that follow treat the general problem of optimal dynamic adjustment in the presence of convex costs of adjustment, include applications of the inventory models to the case of nominal price adjustment by an individual firm, address the question of aggregation, introduce active search by consumers, and provide empirical analysis of nominal price rigidities."--BOOK JACKET | |
| 599 | |a GRSN 654555 | ||
| 650 | 0 | |a Inflation (Finance) | |
| 650 | 0 | |a Pricing | |
| 650 | 2 | |a Inflation, Economic | |
| 650 | 7 | |a Inflation (Finance) |2 fast | |
| 650 | 7 | |a Pricing |2 fast | |
| 700 | 1 | |a Sheshinski, Eytan |0 http://viaf.org/viaf/sourceID/LC|n92099890 | |
| 700 | 1 | |a Sheshinski, Eytan | |
| 700 | 1 | |a Weiss, Yoram |0 http://viaf.org/viaf/sourceID/LC|n86846777 | |
| 700 | 1 | |a Weiss, Yoram | |
| 700 | 1 | 0 | |a Sheshinski, Eytan |1 http://viaf.org/viaf/50163551 |
| 700 | 1 | 0 | |a Weiss, Yoram |1 http://viaf.org/viaf/110837246 |
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