Site Accessibility Statement
Wilfrid Laurier University School of Business & Economics
November 26, 2014

Canadian Excellence

Documents


Economics

Inflation and Price Adjustment: Evidence from Canadian Newspaper Prices (ABSTRACT)


T. Fisher & J. Konieczny

published: 2006 | Research publication | Refereed Journals - Economics

Fisher, T.C.G., & Konieczny, J.D. (2006), "Inflation and Price Adjustment: Evidence from Canadian Newspaper Prices", Journal of Money, Credit and Banking, 38 (3), 615-634.


ABSTRACT: The paper studies the effect of inflation on price behavior using price data from Canadian daily newspapers. We test the Sheshinski and Weiss (1977) monopoly price adjustment model on a sample of monopolistic as well as oligopolistic newspapers, in contract to earlier studies that uses data from oligopolistic or monopolistically competitive markets. The results depend crucially on the assumptions about how often the first collect information and revises its optimal pricing policy. With infrequent policy revisions, the results for monopoly newspapers support the model. The results for oligopoly newspapers are similar.

Download the article at: http://proquest.umi.com/pqdweb?did=1035857231&sid=1&Fmt=2&clientId=27850&RQT=309&VName=PQD

revised Nov 10/06

View all Economics documents | View all School of Business & Economics documents