Price Stickiness

Some articles on prices, price, price stickiness:

Modern Economics - Microeconomics - Market Failure
... production or consumption that are not reflected in market prices ... that have positive externalities in an effort to correct the price distortions caused by these externalities ... In many areas, some form of price stickiness is postulated to account for quantities, rather than prices, adjusting in the short run to changes on the demand ...
Price War - Reactions To Price Challenges - Price Stickiness
... In an oligopoly markets prices can become 'sticky' because if the price rises, competitors will not follow the rise ... market share to its competitors on lower prices ... But if the price falls, other players will merchants will follow suit if they can ...

Famous quotes containing the word price:

    The price we pay for the complexity of life is too high. When you think of all the effort you have to put in—telephonic, technological and relational—to alter even the slightest bit of behaviour in this strange world we call social life, you are left pining for the straightforwardness of primitive peoples and their physical work.
    Jean Baudrillard (b. 1929)