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The P*model and Austrian prices

โœ Scribed by John A. Tatom


Publisher
Springer US
Year
1992
Tongue
English
Weight
751 KB
Volume
19
Category
Article
ISSN
0340-8744

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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