Abstract
Adjustment costs in a typical (s,S) pricing policy model are respecified so that price stability affects revenues rather than costs. The (s,S) pricing result holds even when menu costs are removed.
Original language | English (US) |
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Pages (from-to) | 77-80 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 31 |
Issue number | 1 |
DOIs | |
State | Published - 1989 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics