PRICE‐SETTING BEHAVIOR IN TURKISH INDUSTRIES: EVIDENCE FROM SURVEY DATA

Saygın Şahi̇nöz and Bedri̇ye Saraçoğlu
Authors registered in the RePEc Author Service: Saygin Cevik

The Developing Economies, 2008, vol. 46, issue 4, 363-385

Abstract: This study investigates the price‐setting behavior of Turkish industries based on the results of a survey that was conducted by the Central Bank of the Republic of Turkey. The results show that, under normal conditions, the majority of the firms follow a time‐dependent pricing rule but when significant events occur a substantial fraction of them alter their behavior to state‐dependent reviewing. The median Turkish firm reviews its prices every month, but changes its prices four times a year. Price reviews and changes are affected by: the market share, price discrimination, customer type, firm size, and the existence of regulated prices.

Date: 2008
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https://doi.org/10.1111/j.1746-1049.2008.00070.x

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