Asymmetric Price Adjustment - Evidence for India

Sartaj Rather and M Ramachandran ()

Working Papers from eSocialSciences

Abstract: The study tries to examine whether there exists asymmetry in the price adjustment of firms while using the commodity wise whole sale price indices belonging to three different sectors - primary, manufacturing and fuel-power and lubricants from India. Further, it also allows examining the thresholds values between which a particular firm chooses inaction and allows its relative price to deviate in either direction from the equilibrium level.

Keywords: Menu cost; asymmetric price adjustment; relative price; error correction; India; primary sector; manufacturing sector; price elasticity; firms; equilibrium; whole sale price index. (search for similar items in EconPapers)
Date: 2015-02
Note: Institutional Papers
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Asymmetric price adjustment – evidence for India (2015)
Working Paper: Asymmetric Price Adjustment - Evidence For India (2014)
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