Logit Price Dynamics
Logit Price Dynamics
About this item
Full title
Logit Price Dynamics
Author / Creator
Publisher
Columbus: Wiley (Variant)
Journal title
Journal of money, credit and banking, 2019-02, Vol.51 (1), p.43-78
Language
English
Formats
Publication information
Publisher
Columbus: Wiley (Variant)
Subjects
More information
Scope and Contents
Contents
We model retail price stickiness as the result of costly, error-prone decision making. Under our assumed cost function for the precision of choice, the timing of price adjustments and the prices firms set are both logit random variables. Errors in the prices firms set help explain micro facts related to the size of price changes, the behavior of ad...
Alternative Titles
Full title
Logit Price Dynamics
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_journals_2170855574
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2170855574
Other Identifiers
ISSN
0022-2879
E-ISSN
1538-4616
DOI
10.1111/jmcb.12559
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