Asking About Prices: A New Approach to Understanding Price Stickiness Hardcover – Import, 8 January 1998
Alan S. Blinder . Russell Sage Foundation . English
Draws on a national, multi-industry survey of company heads and other corporate price setters to test the validity of 12 prominent theories of price stickiness. Decision makers were asked whether considerations identified in each theory entered into their own decision making process. Results show that contrary to popular wisdom, prices do not increase more easily than they decrease, and that firms do not appear to practice anticipatory pricing. Annotation c. by Book News, Inc., Portland, Or.
Categories: Business & Finance
About the Author
ALAN BLINDER is a professor of economics and public affairs at Princeton University and a regular columnist for the Wall Street Journal. Blinder served as a member of President Clinton’s original Council of Economic Advisers and then as Vice Chair of the Board of Governors of the Federal Reserve System in 1993–1996. Blinder has written scores of scholarly articles, and authored or co-authored 21 books, including the best-seller After the Music Stopped (2013) and Advice and Dissent (2018). His latest book, A Monetary and Fiscal History of the United States, 1961-2021 will be published by Princeton University Press in October.
