Optimum Pricing Policy under Stochastic Inflation

DOI10.2307/2297678zbMath0512.90018OpenAlexW2002123623MaRDI QIDQ3657724

Yoram Weiss, Eytan Sheshinski

Publication date: 1983

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/3d1dc30f02e0ef0e54399eb4f51f065450a44b75

zbMATH Keywords

stochastic processrenewal processesoptimal pricing policyprice adjustmentmonopolistic firmtwo-state Markov chainsaggregate infaltionnon-convex costs

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Related Items (10)

Inflation and relative price variability. A comment ⋮ Cost-benefit analysis with switching regimes: An application of the theory of planning ⋮ \((s,S)\) pricing policy when adjustment costs affect demand ⋮ On the periodicity of solutions to dynamic problems of costly price adjustment under inflation ⋮ \(S,s\) pricing in a dynamic equilibrium model with heterogeneous sectors ⋮ Permanent effects of monetary policy in a dynamic menu cost model ⋮ Contract adjustment under uncertainty ⋮ Contract renewal under uncertainty ⋮ Frequent price changes under menu costs ⋮ The effects of expected and unexpected inflation on the variability of relative prices

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