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Asking About Prices : A New Approach to Understanding Price Stickiness by Alan Blinder, Elie R.D. Canetti, David E. Lebow, Jeremy B. Rudd is a nonfiction available to read on EtoBox.

What is Asking About Prices : A New Approach to Understanding Price Stickiness about?

Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To

Who reads Asking About Prices : A New Approach to Understanding Price Stickiness?

Author

Alan Blinder, Elie R.D. Canetti, David E. Lebow, Jeremy B. Rudd

Publisher

Russell Sage Foundation Publications

Published

1998

Language

EN

ISBN

9780871541215

Category

nonfiction

Subjects

Business, Political Science, Science

Updated

2026-03-24