Testing a Model of the Kinked Demand Curve
分析企业改变价格时预期竞争对手反应的调查数据,发现预期反应存在不对称性,为修正的弯折需求曲线提供支持,且该不对称性随经济周期和企业特征变化。
This paper analyzes survey data on the responses firms expect from their competitors when they change prices. There is evidence of an assymmetry in expected responses, which provides some support for modified versions of the kinked demand curve. The asymmetry in responses is found to be cyclically sensitive and to differ with certain firm characteristics. Copyright 1991 by Blackwell Publishing Ltd.