Glossary/Administered Pricing - Revision history

Peterrock: /* 'House' Definition */

2024-12-14T05:00:38Z

'House' Definition

← Older revision		Revision as of 05:00, 14 December 2024
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	== 'House' Definition ==		== 'House' Definition ==

	Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, where ~~prices remain stable despite market fluctuations~~.		Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, but it can also occur in competitive markets where price stability or cost recovery is prioritized.

	== Other Definitions ==		== Other Definitions ==

	== Discussion ==		== Discussion ==

			Heterodox economists argue that administered pricing is widespread, particularly in industries with high fixed costs or market concentration, where firms set prices based on costs and markups for stability and profit. They note it also occurs in competitive markets to simplify pricing and avoid price wars.

			Orthodox economists see administered pricing as limited to monopolistic or regulated markets, arguing that competitive pressures typically prevent firms from setting prices independent of supply and demand. They view it as a market distortion that reduces efficiency and causes price stickiness.

	== History ==		== History ==

Peterrock: /* References */

2024-12-14T04:58:55Z

References

← Older revision		Revision as of 04:58, 14 December 2024
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	== References ==		== References ==

			* Lee, F. S. (1999). ''Post Keynesian Price Theory''. Cambridge University Press.
	* Robinson, J. (1969). ''The Economics of Imperfect Competition''. Macmillan.		* Robinson, J. (1969). ''The Economics of Imperfect Competition''. Macmillan.

Peterrock: /* References */

2024-12-14T04:56:53Z

References

← Older revision		Revision as of 04:56, 14 December 2024
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	== References ==		== References ==

	* Robinson, J. (1969). The Economics of Imperfect Competition. Macmillan.		* Robinson, J. (1969). ''The Economics of Imperfect Competition''. Macmillan.

Peterrock: /* References */

2024-12-14T04:55:59Z

References

← Older revision		Revision as of 04:55, 14 December 2024
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	== References ==		== References ==

			* Robinson, J. (1969). The Economics of Imperfect Competition. Macmillan.

Peterrock: Created page with "= Glossary | Concepts | Administered Pricing = == 'House' Definition == Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, where prices remain stable despite market fluctuations. == Other Definitions == == Discussion == == History == == Examples == ==..."

2024-12-14T04:31:05Z

Created page with "= Glossary | Concepts | Administered Pricing = == 'House' Definition == Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, where prices remain stable despite market fluctuations. == Other Definitions == == Discussion == == History == == Examples == ==..."

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= [[Glossary#Index|Glossary]] | [[Glossary/Lists/Concepts|Concepts]] | Administered Pricing =

== 'House' Definition ==

Administered pricing refers to the practice where firms set prices based on costs, markups, and strategic goals rather than short-term supply and demand changes. It is common in industries with significant market power, where prices remain stable despite market fluctuations.

== Other Definitions ==

== Discussion ==

== History ==

== Examples ==

== References ==