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Fixed Price Dynamics versus Flexible Price Dynamics

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Author Info
Martin Currie (School of Economic Studies, Victoria University of Manchester, UK)
Ingrid Kubin () (Department of Economics, Vienna University of Economics & B.A.)

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Abstract

This paper contrasts the dynamical behaviors of fixed and flexible price regimes for a monopolistically competitive manufacturing sector in which firms base decisions on expectations about product demands.

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File URL: http://www.wu-wien.ac.at/inst/vw1/papers/wu-wp89.pdf
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Publisher Info
Paper provided by Vienna University of Economics and B.A., Department of Economics in its series Department of Economics Working Papers with number wuwp089.

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Date of creation: Jan 2005
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Handle: RePEc:wiw:wiwwuw:wuwp089

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Find related papers by JEL classification:
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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  1. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June. [Downloadable!] (restricted)
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This page was last updated on 2009-12-2.

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