Error title
Some error text about your books and stuff.
Optimal Pricing, Inflation, and the Cost of Price Adjustment cover
  • ISBN: 9780262193320
  • ISBN10: 0262193329

Optimal Pricing, Inflation, and the Cost of Price Adjustment

by Eytan Sheshinski

  • List Price: $80.00
  • Binding: Hardcover
  • Publisher: Mit Pr
  • Publish date: 06/01/1993
used Add to Cart $3.42
You save: 96%
Marketplace Item
new Add to Cart $70.77
You save: 12%
Marketplace Item
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.
Expand description
Seller Condition Comments Price  
Open Books Ltd

Location: Chicago, IL
Shipping Icon
Light edge wear, light fading to jacket, spine is slightly rounded. Open
Row by Row Bookshop

Location: Sugar Grove, NC
An ex-library copy in original tan cloth, with the usual ex-libris markings. The binding is sound, the text is clean, and there is little cover wear.
MIT Press Bookstore

Location: Cambridge, MA
Like New
Shipping Icon
Book is unmarked and clean. Jacket may show signs of slight shelf wear such as edge chipping and scuffs.

Location: Avenel, NJ
Lyric Vibes

Location: Geneva, IL
Shipping Icon
0262193329 New Condition *** Right Off the Shelf | Ships within 2 Business Days ~~~ Customer Service Is Our Top Priority! -Thank you for LOOKING: -)