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- W1550164477 abstract "It is shown that nonmarket-clearing prices can persist in noncooperative Nash competition among firms when the dis semination of information depends critically on the flexibility of pr ices. The key to this explanation is that the value of the informatio n revealed by quantity signals when prices are fixed can be greater t han the short-run profit obtained by an instantaneous price adjustmen t. Copyright 1987 by The editors of the Scandinavian Journal of Economics." @default.
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- W1550164477 date "1987-12-01" @default.
- W1550164477 modified "2023-09-24" @default.
- W1550164477 title "The Information Content of Quantity Signals and Downward Inflexible Prices" @default.
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- W1550164477 doi "https://doi.org/10.2307/3440348" @default.
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