Do prices respond asymmetrically to cost changes?

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Title:	Do prices respond asymmetrically to cost changes?
Authors:	Ma, TC (Ma, Tay-Cheng)
Contributors:	經濟系
Keywords:	MARKET-STRUCTURE GASOLINE PRICES REGRESSIONS ADJUSTMENT GROWTH SPEED
Date:	2010
Issue Date:	2011-12-15 14:52:56 (UTC+8)
Abstract:	This article investigates price asymmetry by using an almost complete sample of Taiwanese industries to see whether output prices respond faster to cost increases than they do to decreases. In contrast with the earlier literature, the evidence shows that positive price asymmetry cannot be applied to all industries, especially those industries with rapid productivity growth. The evidence also indicates that firms exhibiting fast (slow) productivity growth see their prices react less (more) to cost increases than to cost decreases.
Appears in Collections:	[Department of Economics & Graduate Institute of Economics ] conference paper

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