Książki
E-booki
Audiobooki
Muzyka
Filmy
Gry i zabawki
Papiernik
Obcojęzyczne
Back to School
Back to School
Price Setting
Autor:
Wydawca: John Wiley and Sons Ltd
Data wydania: 19.08.2025
Typ okładki:twarda okładka
EAN: 9781509565764
Opis
Opis
The prices of some products fluctuate dramatically, while others remain more constant. What accounts for these extreme differences?
Renowned economist Truman F. Bewley investigates and elucidates this puzzling problem. Its crux, he argues, is that differentiated product prices are usually stable, whereas the prices of undifferentiated products – for which buyers can easily find comparable substitutes – are often volatile. Although product differentiation gives producers market power, this power alone does not guarantee price stability. There are nearly undifferentiated products whose producers have market power yet for which prices are unstable. Weakness of product differentiation makes it so advantageous for producers to compete on price that they do so and forego the benefits and stability of price collusion. Producers of truly differentiated goods prefer to compete on product performance rather than price and find that reducing prices during recessions does little to increase demand.
Based on hundreds of interviews with businesspeople responsible for setting prices, Bewley’s book is an unusual and groundbreaking work, with findings vital for economists, students, and policymakers.
Renowned economist Truman F. Bewley investigates and elucidates this puzzling problem. Its crux, he argues, is that differentiated product prices are usually stable, whereas the prices of undifferentiated products – for which buyers can easily find comparable substitutes – are often volatile. Although product differentiation gives producers market power, this power alone does not guarantee price stability. There are nearly undifferentiated products whose producers have market power yet for which prices are unstable. Weakness of product differentiation makes it so advantageous for producers to compete on price that they do so and forego the benefits and stability of price collusion. Producers of truly differentiated goods prefer to compete on product performance rather than price and find that reducing prices during recessions does little to increase demand.
Based on hundreds of interviews with businesspeople responsible for setting prices, Bewley’s book is an unusual and groundbreaking work, with findings vital for economists, students, and policymakers.
Szczegóły
Szczegóły
Data wydania: 19.08.2025
Liczba stron: 240
Wymiary: 16.0x23.6
Typ okładki:twarda okładka
Wydawca: John Wiley and Sons Ltd
Autor:
Tytuł:Price Setting
EAN: 9781509565764
Recenzje
Recenzje
Produkt nie ma jeszcze recenzji.
Zamieszczenie recenzji nie wymaga logowania. Sklep nie prowadzi weryfikacji, czy autorzy recenzji nabyli lub użytkowali dany produkt.
Lineages of Modernity: A History of Humanity from the Stone Age to Homo Americanus
99,90 zł
Nowość
Wysyłamy w 10 dni
