Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty
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https://www.nber.org/papers/w22490
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资源简介：
We propose a new theory of price rigidity based on rms Knightian uncertainty about their competitive environment. This uncertainty has two key implications. First, rms learn about the shape of their demand function from past observations of quantities sold. This learning gives rise to kinks in the
提供机构：
美国国家经济研究局
创建时间：
2016-08-01
