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Firms responses to changes in demand: Some insight from survey-data

✍ Scribed by H. Seitz


Book ID
105427746
Publisher
Springer-Verlag
Year
1986
Tongue
English
Weight
606 KB
Volume
11
Category
Article
ISSN
0377-7332

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## Abstract In this paper we investigate the response of prices to shocks based on a survey of Austrian firms. We find that firms are more likely to change prices after a cost shock than after a demand shock. In this vein, our analysis suggests that regular customers are an important explanation fo