OnDemand WTP Pricing Research

Tag: Blinder

Book: Asking About Prices – A New Approach to Understanding Price Stickiness

Book: Asking About Prices - A New Approach to Understanding Price Stickiness

Summary: Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or “stickiness” of prices is central to the Keynesian economic theory and vital to understanding hom monetary policy works, […]