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dc.contributor.authorBaier, Antjeen_US
dc.contributor.authorBolle, Friedelen_US
dc.date.accessioned2009-01-30T12:02:56Z-
dc.date.available2009-01-30T12:02:56Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/23798-
dc.description.abstractThe 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.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesDiskussionspapiere / Europa-Universität Viadrina Frankfurt (Oder), Wirtschaftswissenschaftliche Fakultät 225en_US
dc.subject.jelD43en_US
dc.subject.jelC73en_US
dc.subject.ddc330en_US
dc.subject.keywordPrice cyclesen_US
dc.subject.keywordincomplete informationen_US
dc.subject.keywordtelephone marketen_US
dc.subject.stwTelekommunikationsgebühren_US
dc.subject.stwVolatilitäten_US
dc.subject.stwCobweben_US
dc.subject.stwUnvollkommene Informationen_US
dc.subject.stwKonsumentenverhaltenen_US
dc.subject.stwInformationsverhaltenen_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleCyclical price fluctuations caused by information inertia : evidence from the German call-by-call telephone marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn49961996Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:euvwdp:225-
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina

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