dc.contributor.author | Nilsen, Øivind A. | |
dc.contributor.author | Vange, Magne | |
dc.date.accessioned | 2017-01-18T07:45:14Z | |
dc.date.available | 2017-01-18T07:45:14Z | |
dc.date.issued | 2016-12 | |
dc.identifier.issn | 0804-6824 | |
dc.identifier.uri | http://hdl.handle.net/11250/2427577 | |
dc.description.abstract | The price-setting behaviour of manufacturing plants is examined using a
large panel of monthly surveyed plant- and product-specific prices. The sample
shows a high frequency of zero changes, relatively small price changes, and
a strong seasonal price change pattern. The intermittent feature of price
changes is modelled with thresholds which are lower in January, and a quadratic
loss–function associated with the distance from target price. The findings show
statistically significant pricing thresholds, which are only two thirds in January,
and partial adjustment parameters implying that 60% of the deviation between
the target price and current price is closed each month. | nb_NO |
dc.publisher | Institutt for samfunnsøkonomi, NHH | nb_NO |
dc.relation.ispartofseries | DP SAM;22 | |
dc.subject | Price Setting, Micro Data, Simulated Method of Moments | nb_NO |
dc.title | Intermittent Price Changes in Production Plants: Empirical Evidence using Monthly Data. | nb_NO |
dc.type | Working paper | nb_NO |
dc.source.pagenumber | 41 | nb_NO |