Author: Frederick Cecil MillsPublisher:
ISBN:
Category : Index numbers (Economics)
Languages : en
Pages : 598
Book Description
The Behavior of Prices
Author: Frederick Cecil MillsPublisher:
ISBN:
Category : Index numbers (Economics)
Languages : en
Pages : 598
Book Description
The Behavior of Prices
Author: Frederick Cecil MillsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 612
Book Description
An Appraisal of Frederick C. Mills' The Behavior of Prices
Author: Raymond Taylor ByePublisher:
ISBN:
Category : Price indexes
Languages : en
Pages : 360
Book Description
Price Expectations and the Behavior of the Price Level
Author: Robert M. SolowPublisher:
ISBN:
Category : Prices
Languages : en
Pages : 50
Book Description
Behavior of Prices on Wall Street
Author: Arthur A. MerrillPublisher:
ISBN:
Category : Securities industry
Languages : en
Pages : 220
Book Description
Price Expectations and the Behavior of the Price Level
Author: Robert M. SolowPublisher: Manchester University Press
ISBN:
Category : Prices
Languages : en
Pages : 60
Book Description
The Impact of Demand and Price Expectations on the Behavior of Prices
Author: Louis J. MacciniConsumer Demand in the United States
Author: Lester D. TaylorPublisher: Springer Science & Business Media
ISBN: 1441905103
Category : Business & Economics
Languages : en
Pages : 530
Book Description
A classic treatise that defined the field of applied demand analysis, Consumer Demand in the United States: Prices, Income, and Consumption Behavior is now fully updated and expanded for a new generation. Consumption expenditures by households in the United States account for about 70% of America’s GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in price and income. Econometric estimates of price and income elasticities are obtained for an exhaustive array of goods and services using data from surveys conducted by the Bureau of Labor Statistics and aggregate consumption expenditures from the National Income and Product Accounts, providing a better understanding of consumer demand. Practical models for forecasting future price and income elasticities are also demonstrated. Fully revised with over a dozen new chapters and appendices, the book revisits the original Houthakker-Taylor models while examining new material as well, such as the use of quantile regression and the stationarity of consumer preference. It also explores the emerging connection between neuroscience and consumer behavior, integrating the economic literature on demand theory with psychology literature. The most comprehensive treatment of the topic to date, this volume will be an essential resource for any researcher, student or professional economist working on consumer behavior or demand theory, as well as investors and policymakers concerned with the impact of economic fluctuations.
The Behavior of Prices, By Frederick C. Mills ... With a Foreword by Edwin F. Gay and Wesley C. Mitchell
Author: Frederick Cecil MillsPublisher:
ISBN:
Category : Index numbers (Economics)
Languages : en
Pages :
Book Description
Asking About Prices
Author: Alan BlinderPublisher: Russell Sage Foundation
ISBN: 1610440684
Category : Business & Economics
Languages : en
Pages : 412
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.