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Optimal Price Adjustment with Time-Dependent Costs

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NBER1984-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1319
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The purpose of this paper is to analyze an optimal pricing rule for the case in which the costs of price adjustment are time dependent, and where those costs depend positively on the magnitude of the percentage price change. By means of discrete time model, it is shown that the optimal response to
创建时间:
1984-03-01
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