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Endogenous fixprices and sticky price adjustment of risk-averse firms


  • Gerd Weinrich


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Suggested Citation

  • Gerd Weinrich, 1997. "Endogenous fixprices and sticky price adjustment of risk-averse firms," Journal of Economics, Springer, vol. 66(3), pages 283-305, October.
  • Handle: RePEc:kap:jeczfn:v:66:y:1997:i:3:p:283-305
    DOI: 10.1007/BF01226830

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    References listed on IDEAS

    1. Franklin Allen, 1988. "A Theory of Price Rigidities When Quality is Unobservable," Review of Economic Studies, Oxford University Press, vol. 55(1), pages 139-151.
    2. Carlton, Dennis W, 1986. "The Rigidity of Prices," American Economic Review, American Economic Association, vol. 76(4), pages 637-658, September.
    3. Segal, Uzi & Spivak, Avia, 1990. "First order versus second order risk aversion," Journal of Economic Theory, Elsevier, vol. 51(1), pages 111-125, June.
    4. Ball, Laurence & Romer, David, 1991. "Sticky Prices as Coordination Failure," American Economic Review, American Economic Association, vol. 81(3), pages 539-552, June.
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    Cited by:

    1. Colombo, Luca & Weinrich, Gerd, 2003. "The Phillips curve as a long-run phenomenon in a macroeconomic model with complex dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 28(1), pages 1-26, October.
    2. Bignami, Fernando & Colombo, Luca & Weinrich, Gerd, 2004. "Complex business cycles and recurrent unemployment in a non-Walrasian macroeconomic model," Journal of Economic Behavior & Organization, Elsevier, vol. 53(2), pages 173-191, February.
    3. Luca Colombo & G. Weinrich & F. Bignami, 2000. "A Dynamic Non-Tatonnement Macroeconomic Model With Stochastic Rationing," Computing in Economics and Finance 2000 198, Society for Computational Economics.
    4. Shin-ichi Fukuda, 2001. "A Model of Keynesian under Knightian Uncertainty," CIRJE F-Series CIRJE-F-115, CIRJE, Faculty of Economics, University of Tokyo.

    More about this item


    fixed prices; price adjustment; risk aversion; menu cost; D21; D81; D83;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness


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