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

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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