Consumption Inertia and Asymmetric Price Transmission
作者： Tian Xia , Xianghong Li
DOI:
关键词: Wholesale price index 、 Mid price 、 Microeconomics 、 Price controls 、 Price level 、 Asymmetric price transmission 、 Producer Price Index (India) 、 Reservation price 、 Monetary economics 、 Economics 、 Limit price
摘要: We propose consumption inertia as a new explanation for asymmetric price transmission. Inertia in consumer demand enlarges retailers’ gains gross profits from raising prices response to higher wholesale and reduces decreasing lower prices. Thus, can cause asymmetries transmission whereby retailers are more willing change their prices, them quickly, increases opposed decreases.
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