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Published in 2017 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2016.11.003
Abstract: Using a model of dynamic price competition, we provide an explanation from the supply side for the well-established observation that output prices react faster in response to input cost increases than to decreases. When costs…
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Keywords:
side approach;
supply side;
asymmetric price;
price ... See more keywords