Industrial Structure, Concentration and the Speed of Price Adjustment
研究了市场结构与价格调整速度的关系，发现产业集中度和生产周期长度对价格调整速度有负向影响，为理解价格粘性提供了新视角。
It is argued that the relationship between market structure and the speed of price adjustment involves two distinct forces with opposing directions: "t he leadership effect" and the "industry profitability effect." The direction of the relationship will depend on the relative importance of these effects. Estimation of an equation explaining the speed of price adjustment in terms of industrial concentration and the length of the production period provided evidence of negative effects for bo th the above variables. Copyright 1988 by Blackwell Publishing Ltd.