Competition and Price Adjustment in the Euro Area

Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Volumn , Issue , 2007, Pages

  Álvarez, Luis J ^a   Hernando, Ignacio ^a  

^a BANCO DE ESPAÑA   (Spain)

Author keywords

Euro area firms; Market competition; Price flexibility; Price setting; Product market regulation; Survey

Indexed keywords

EID: 84920753695     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1093/acprof:oso/9780195309287.003.0014     Document Type: Chapter

References (27)

1. Álvarez, Luis J., Pablo Burriel, and Ignacio Hernando. 2005. Price setting behaviour in Spain: Evidence from micro PPI data. Banco de España Working Paper No. 0527. Madrid: Banco de España.
2. Bedrossian, Arakel, and Demetrios Moschos. 1988. Industrial structure, concentration, and the speed of price adjustment. Journal of Industrial Economics 36: 459-475.
3. Bresnahan, Timothy F. 1989. Empirical studies of industries with market power. In Handbook of Industrial Economics, ed. Richard Schmalensee and Robert Willig. Amsterdam: North-Holland.
4. Carlton, Dennis W. 1986. The rigidity of prices. American Economic Review 76: 637-658.
5. Carlton, Dennis W. 1989. The theory and facts about how markets clear. Is industrial organization valuable for understanding macroeconomics? In Handbook of Industrial Economics, ed. Richard Schmalensee and Robert Willig. Amsterdam: North-Holland.
6. Cornille, David, and Maarten Dossche. 2006. The patterns and determinants of price setting in the Belgian industry. European Central Bank Working Paper No. 618. Frankfurt am Main: European Central Bank.
7. Dixon, R. 1983. Industry structure and the speed of price-adjustment. Journal of Industrial Economics 31: 25-37.
8. Domberger, Simon. 1979. Price adjustment and market structure. The Economic Journal 89: 96-108.
9. Eichner, Alfred S. 1973. A theory of the markup under oligopoly. The Economic Journal 83: 1184-1200.
10. Encaoua, David, and Paul A. Geroski. 1986. Price dynamics and competition in five OECD countries. OECD Economic Studies 6: 47-76.
11. Fabiani, Silvia, Martine Druant, Ignacio Hernando, Claudia Kwapil, Bettina Landau, Claire Loupias, Fernando Martins, Thomas Mathä, Roberto Sabbatini, and Ad Stokman. 2005. The pricing behaviour of firms in the Euro Area: New survey evidence. European Central Bank Working Paper No. 535. Frankfurt am Main: European Central Bank.
12. Geroski, Paul. 1992. Price dynamics in UK manufacturing: A microeconomic view. Economica 59: 403-419.
13. Ginsburgh, Victor, and Philippe Michel. 1988. Adjustment costs, concentration, and price behavior. Journal of Industrial Economics 36: 477-481.
14. Hall, Simon, Mark Walsh, and Anthony Yates. 2000. How do UK companies set prices? Oxford Economic Papers 52: 425-446.
15. Hoeberichts, Marco, and Ad Stokman. 2006. Pricing behaviour of Dutch companies: Main results from a survey. European Central Bank Working Paper No. 607. Frankfurt am Main: European Central Bank.
16. Lünnemann, Patrick, and Thomas Mathä. 2005. Consumer price behaviour in Luxembourg: Evidence from micro CPI data. European Central Bank Working Paper No. 541. Frankfurt am Main: European Central Bank.
17. Martin, Cristopher. 1993. Price adjustment and market structure. Economics Letters 41: 139-143.
18. Means, Gardiner C. 1935. Notes on inflexible prices. American Economic Review 26: 23-35.
19. Mills, Frederick C. 1927. The Behavior of Prices. New York. National Bureau of Economic Research.
20. Nicoletti, Giuseppe, Stefano Scarpetta, and Olivier Boylaud. 1999. Summary indicators of product market regulation with an extension to employment protection legislation. OECD Economics Department Working Papers No. 226. Paris: Organisation for Economic Co-operation and Development.
21. Nicoletti, Giuseppe, and Frederic L. Pryor. 2006. Subjective and objective measures of governmental regulations in OECD nations. Journal of Economic Behavior and Organization 59: 433-449.
22. Papke, Leslie E., and Jeffrey M. Woolridge. 1996. Econometric methods for fractional response with an application to 401(K) plan participation rates. Journal of Applied Econometrics 11: 619-632.
23. Pryor, Frederic L. 2002. Quantitative notes on the extent of governmental regulations in various OECD nations. International Journal of Industrial Organization 20: 693-715.
24. Silberston, Aubrey. 1970. Surveys of applied economics: Price behaviour of firms. The Economic Journal 80: 511-582.
25. Stigler, George S. 1964. A theory of oligopoly. Journal of Political Economy 72: 44-61.
26. Stiglitz, Joseph E. 1984. Price rigidities and market structure. American Economic Review 74: 350-355.
27. Weiss, Christoph R. 1995. Determinants of price flexibility in oligopolistic markets: Evidence from Austrian manufacturing firms. Journal of Economics and Business 47: 423-439.