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Price setting in German manufacturing: new evidence from new survey data

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dc.creator Stahl, Harald
dc.date 2005
dc.date.accessioned 2013-10-16T07:05:59Z
dc.date.available 2013-10-16T07:05:59Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19628
dc.identifier ppn:505753200
dc.identifier RePEc:zbw:bubdp1:4237
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19628
dc.description This paper presents new evidence on the formation of producer prices based on a onetime survey that was conducted on a sample of 1200 German firms in manufacturing in June 2004. Most of the firms have price-setting power and apply mark-up pricing. Indexation is negligible. Fixed nominal contracts are the most important reason for postponing a price adjustment. The second most likely reason is coordination failure, which causes more upward than downward stickiness. For every second firm both reasons are important. Firms can be assigned to four different groups according to an increasing complexity of reasons of price stickiness.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2005,43
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D40
dc.subject E30
dc.subject ddc:330
dc.subject Price rigidity
dc.subject cluster analysis
dc.subject Verarbeitendes Gewerbe
dc.subject Betriebliche Preispolitik
dc.subject Preisrigidität
dc.subject Deutschland
dc.title Price setting in German manufacturing: new evidence from new survey data
dc.type doc-type:workingPaper


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