Glossary/Administered Pricing: Difference between revisions
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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. | ||
Revision as of 04:58, 14 December 2024
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
References
- Lee, F. S. (1999). Post Keynesian Price Theory. Cambridge University Press.
- Robinson, J. (1969). The Economics of Imperfect Competition. Macmillan.