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Fixed Price Dynamics versus Flexible Price Dynamics

Author

Listed:
  • Martin Currie

    (School of Economic Studies, Victoria University of Manchester, UK)

  • Ingrid Kubin

    (Department of Economics, Vienna University of Economics & B.A.)

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.

Suggested Citation

  • Martin Currie & Ingrid Kubin, 2005. "Fixed Price Dynamics versus Flexible Price Dynamics," Department of Economics Working Papers wuwp089, Vienna University of Economics and Business, Department of Economics.
    • Handle: RePEc:wiw:wiwwuw:wuwp089
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    More about this item

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - 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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