Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/82943 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
Working Paper No. 2002:3
Verlag: 
Uppsala University, Department of Economics, Uppsala
Zusammenfassung: 
We construct a model of a financially constrained firm making pricing and investment decisions. The firm operates in a market where customers respond slowly to price changes and there are implementation lags in investment (time to build). Our model implies that the markup over marginal cost is counter-cyclical, the product price responds slowly to demand shocks, and quickly to cost shocks, and the price is strongly related to investment. Estimating the decision rules on aggregate data for Swedish industry, we find that the qualitative results are in line with our model.
Schlagwörter: 
customer market
price rigidity
price equation
investment equation
JEL: 
E31
E32
E44
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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