Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81741
Authors: 
Sahinoz, Saygin
Saracoglu, Bedriye
Year of Publication: 
2008
Series/Report no.: 
Discussion Paper, Turkish Economic Association 2008/3
Abstract: 
This study investigates the price setting behavior of Turkish industries based on the results of a survey that was conducted by the Central Bank of the Republic of Turkey. The results show that under normal conditions, the majority of the firms follow time-dependent pricing rule but when significant events occur substantial fraction of them alter their behavior to state dependent reviewing. The median Turkish firm reviews its prices every month, but changes its prices four times a year. Price reviews and changes are affected by: the market share, price discrimination, customer type, firm size and the existence of regulated prices.
Subjects: 
price-setting
price-rigidity
survey
JEL: 
E30
D40
Document Type: 
Working Paper

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