Price setting with menu cost for multiproduct firms

DOI10.3982/ECTA10662MaRDI QIDQ5417247zbMATH OpenOpenAlexFDO

Authors Fernando E. Alvarez, Francesco Lippi

Publication date 16 May 2014

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta10662

zbMATH Keywords

economies of scope in price changesfixed costsimpulse responsesmenu costmonetary shocksoptimal control in multiple dimensions

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Menu costs, multiproduct firms, and aggregate fluctuations
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Cited in

(25)

• Frequent price changes under menu costs
• Asymmetric price adjustment in a menu-cost model
• Menu costs and the long-run output--inflation trade-off.
• Menu costs, firm size and price rigidity
• Menu costs, firm strategy, and price rigidity
• Precautionary price stickiness
• Decoupling nominal and real rigidities. A reexamination of the canonical model of price setting under menu costs
• Quasi-fixity and multiproduct firms
• A class of \(N\)-player Colonel Blotto games with multidimensional private information
• Price change synchronization within and between firms
• Learning, pricing, timing and hedging of the option to invest for perpetual cash flows with idiosyncratic risk
• Monetary non-neutrality in a multisector menu cost model
• Menu costs, multiproduct firms, and aggregate fluctuations
• Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
• Endogenous Cycles and Menu Costs: A Dynamic Macroeconomic Model of Monopoly
• S,s pricing in a dynamic equilibrium model with heterogeneous sectors
• Aggregation and Optimization with State-Dependent Pricing
• Optimal price setting with observation and menu costs
• From hyperinflation to stable prices: Argentina's evidence on menu cost models
• The macroeconomics of sticky prices with generalized hazard functions
• New Pricing Models, Same Old Phillips Curves?
• The Analytic Theory of a Monetary Shock
• Caballero-Engel meet Lasry-Lions: a uniqueness result
• Empirical investigation of a sufficient statistic for monetary shocks
• Standard errors for calibrated parameters

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