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12:45 pm

Implications of Consumer Loyalty for Price Dynamics when Price Adjustment is Costly

2 December, 2019, 12:45 pm - 2:00 pm
15.1.39

  Mateusz Mysliwski. (NHH). Implications of Consumer Loyalty for Price Dynamics when Price Adjustment is Costly. Abstract: We study the implications of consumer switching costs on prices when price adjustments are costly. Existing theoretical and empirical works on consumer switching costs assume firms can change prices freely without any supply side frictions. We develop a […]

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