Price Determination and Prices Policy PDF Download

Author: Joan Mitchell
Publisher: Allen & Unwin Australia
ISBN: 9780043380857
Category : Prices
Languages : en
Pages : 215

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Author: Alan Blinder
Publisher: Russell Sage Foundation
ISBN: 1610440684
Category : Business & Economics
Languages : en
Pages : 412

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Book Description
Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.

Author: Conference on Price Research. Committee on Price Determination
Publisher:
ISBN:
Category : Cost
Languages : en
Pages : 0

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Author: Olan D. Forker
Publisher:
ISBN:
Category : Agriculture, Cooperative
Languages : en
Pages : 32

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Author: Fred Haber
Publisher: Atlantic Publishers & Dist
ISBN: 9788171568512
Category : Capitalism
Languages : en
Pages : 196

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Do The Prices Paid For The Goods And Services People Need Or The Money Received For Work They Do Correspond To Their Real Value? Most Individuals, After A Moment Of Consideration, Would Probably Answer No. If So, Why Not? Don T The Economic Laws Of Supply And Demand Govern The Prices Paid For Goods And Services In The Competitive Market?Fred Haber Has Looked At This Fundamental Question And Found Distortions In The Way Market Economies Actually Function. He Finds The Distortions Are Caused By The Influence Of Power And Notes That The Most Powerful Entities In An Economy Not Only Have The Capability To Set And Enforce Price, But Can Influence The Distribution Of Their Products As Well. Just As Significantly, The Author Finds That Great Amounts Of Capital Are Being Diverted To Speculative Ends In Real Estate, On Stock Exchanges, In Foreign Currency. When This Happens, Less Capital Is Available For Productive Activities And The Creation Of Meaningful Work Opportunities. Where Free Competition Used To Restrict The Exercise Of Power In The Market, The Global Economy Has Given Rise To Consolidations To Massive Forces Whose Power Now Determines Ultimate Success.To Prove His Case, Haber Examines The Theories Of A Number Of Prominent Economists And Compares These Theories With Economic Reality. The Author Has Invested His Work With The Kind Of Rigorous Scholarship Demanded Of An Academic Study. There Is A Reason Behind This Approach.

Author: Donald Ferguson Mulvihill
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 352

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Author: Clifford Clive Saxton
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 208

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Author: Donald Victor Harper
Publisher:
ISBN:
Category : Price fixing
Languages : en
Pages : 324

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Author: Barber Sarah L
Publisher: OECD Publishing
ISBN: 9264508864
Category :
Languages : en
Pages : 100

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Book Description
The objectives of this study are to describe experiences in price setting and how pricing has been used to attain better coverage, quality, financial protection, and health outcomes. It builds on newly commissioned case studies and lessons learned in calculating prices, negotiating with providers, and monitoring changes. Recognising that no single model is applicable to all settings, the study aimed to generate best practices and identify areas for future research, particularly in low- and middle-income settings. The report and the case studies were jointly developed by the OECD and the WHO Centre for Health Development in Kobe (Japan).

Author: Conference on Price Research. Committee on Price Determination
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 384

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