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Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/23798
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Baier, Antje | | en_US |
| dc.contributor.author | | Bolle, Friedel | | en_US |
| dc.date.accessioned | | 2009-01-30T12:02:56Z | | - |
| dc.date.available | | 2009-01-30T12:02:56Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/23798 | | - |
| dc.description.abstract | | The 2002 prices of suppliers in German call-by-call telephone market are rather dispersed, out-of-phase (uncorrelated), and show systematic down-up movements. In 2004, these prices are less dispersed, more in-phase and show more upwards runs than downs-ups. In both years, we clearly do not observe Edgeworth cycles where prices move in parallel (in-phase). We present a model with demand inertia, caused by incomplete information about prices, where (out-of-phase and in-phase) cycles as well as competitive equilibria and tacit collusion equilibria exist. The transition from the 2002 cycles in the German call-by-call market to more constant prices in 2004 may be due to parameter changes, such as customers possessing improved information. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Diskussionspapiere / Europa-Universität Viadrina Frankfurt (Oder), Wirtschaftswissenschaftliche Fakultät 225 | | en_US |
| dc.subject.jel | | D43 | | en_US |
| dc.subject.jel | | C73 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Price cycles | | en_US |
| dc.subject.keyword | | incomplete information | | en_US |
| dc.subject.keyword | | telephone market | | en_US |
| dc.subject.stw | | Telekommunikationsgebühr | | en_US |
| dc.subject.stw | | Volatilität | | en_US |
| dc.subject.stw | | Cobweb | | en_US |
| dc.subject.stw | | Unvollkommene Information | | en_US |
| dc.subject.stw | | Konsumentenverhalten | | en_US |
| dc.subject.stw | | Informationsverhalten | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Cyclical price fluctuations caused by information inertia : evidence from the German call-by-call telephone market | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 49961996X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina
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