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Price Reactions to Demand and Cost Shocks: Survey Evidence from Austrian Firms

Claudia Kwapil, Josef Baumgartner, and Johann Scharler

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0004
Subject:
Economics and Finance, Econometrics

This chapter investigates price rigidity after cost and demand shocks in Austria. We find that the average time lag between a shock and the price adjustment is four to six months. Furthermore, firms' ... More


Electricity Deregulation: Choices and Challenges

James M. Griffin and Steven L. Puller (eds)

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.001.0001
Subject:
Economics and Finance, Econometrics

The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by ... More


CPI Bias from Supercenters: Does the BLS Know That Wal-Mart Exists?

Jerry Hausman and Ephraim Leibtag (eds)

in Price Index Concepts and Measurement

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226148557
eISBN:
9780226148571
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226148571.003.0006
Subject:
Economics and Finance, Econometrics

This chapter focuses on the fact that the Consumer Price Index (CPI) does not compare the prices charged for the same items at different outlets. It describes how the Bureau of Labor Statistics ... More


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