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- W2247339549 abstract "Abstract Price stickiness is often modelled as the consequence of costly price adjustment mechanisms. We derive a similar result from costly quantity adjustment mechanisms. An interesting property of the model is that the optimal decision of each producer is more sluggish than the optimal behaviour of the industry as a whole." @default.
- W2247339549 created "2016-06-24" @default.
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- W2247339549 date "1991-01-01" @default.
- W2247339549 modified "2023-09-27" @default.
- W2247339549 title "Quantity adjustment costs and price stickiness" @default.
- W2247339549 hasPublicationYear "1991" @default.
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