Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23798 
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dc.contributor.authorBaier, Antjeen
dc.contributor.authorBolle, Friedelen
dc.date.accessioned2009-01-30T12:02:56Z-
dc.date.available2009-01-30T12:02:56Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aEuropean University Viadrina, Department of Business Administration and Economics |cFrankfurt (Oder)en
dc.relation.ispartofseries|aDiscussion Paper |x225en
dc.subject.jelD43en
dc.subject.jelC73en
dc.subject.ddc330en
dc.subject.keywordPrice cyclesen
dc.subject.keywordincomplete informationen
dc.subject.keywordtelephone marketen
dc.subject.stwTelekommunikationsgebühren
dc.subject.stwVolatilitäten
dc.subject.stwCobweben
dc.subject.stwUnvollkommene Informationen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwInformationsverhaltenen
dc.subject.stwTheorieen
dc.subject.stwDeutschlanden
dc.titleCyclical price fluctuations caused by information inertia : evidence from the German call-by-call telephone market-
dc.typeWorking Paperen
dc.identifier.ppn49961996Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:euvwdp:225en

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