Food Processor Price Behavior: Firm‐Level Evidence of Sticky Prices
利用企业层面数据，估计了不完全竞争市场中食品加工商调整价格的间接成本，发现这些成本导致显著的价格粘性，且价格向上和向下调整的粘性程度无显著差异。
Abstract Firms in imperfectly competitive markets face direct and indirect costs when changing product prices. The latter costs reflect uncertain changes in revenue and market share resulting from the actions of rival firms. Rosett's friction model is applied to firm‐level data to provide estimates of the indirect costs of changing prices for a major processor of frozen concentrated orange juice. Results indicate that indirect costs cause significant price rigidity. Additionally the hypothesis that prices are equally rigid for upward and downward changes could not be rejected.