(s,S) Pricing policy when adjustment costs affect demand

David I. Rosenbaum, Meng Hua Ye

Research output: Contribution to journalArticle

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 languageEnglish (US)
Pages (from-to)77-80
Number of pages4
JournalEconomics Letters
Volume31
Issue number1
DOIs
StatePublished - 1989

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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