TY  - JOUR
A1  - Orland, Andreas
A1  - Roos, Michael W. M.
T1  - Price-setting with quadratic adjustment costs
BT  - experimental evidence
JF  - Journal of economic behavior & organization
N2  - We test the price-setting behavior of firms using the Rotemberg (1982) model in order to explain puzzles in the New Keynesian Phillips curve (NKPC). For our tests, we conducted experiments that adapt the model into an individual decision-making problem. We find systematic deviations in price-setting according to the subjects’ degree of information acquisition. Subjects rarely make use of past information. On the other hand, subjects that decide to acquire relatively little information about future desired prices tend to overweight their own past set price when they set prices. We study the impact of this heterogeneous price-setting behavior for theoretically derived forward-looking Phillips curves. Our estimated NKPCs are in line with the empirical literature. The deviations from theoretical predictions in our NKPCs are driven by the less-informed subjects.
KW  - Experimental macroeconomics
KW  - Intertemporal optimization
KW  - Nominal frictions
KW  - Phillips curve
Y1  - 2019
U6  - https://doi.org/10.1016/j.jebo.2019.05.010
SN  - 0167-2681
SN  - 1879-1751
VL  - 163
SP  - 88
EP  - 116
PB  - Elsevier
CY  - Amsterdam
ER  - 
TY  - RPRT
A1  - Kalkuhl, Matthias
A1  - Amberg, Maximilian
A1  - Bergmann, Tobias
A1  - Knopf, Brigitte
A1  - Edenhofer, Ottmar
T1  - Gaspreisdeckel, Mehrwertsteuersenkung, Energiepauschale
BT  - wie kann die Bevölkerung zielgenau und schnell entlastet werden?
Y1  - 2022
UR  - https://www.mcc-berlin.net/fileadmin/data/C18_MCC_Publications/2022_MCC_Gaspreise_und_Entlastungsma%C3%9Fnahmen.pdf
PB  - Mercator Research Institute on Global Commons and Climate Change (MCC) gGmbH
CY  - Berlin
ER  - 
TY  - JOUR
A1  - Lettl, Tobias
T1  - BB-Rechtsprechungsreport zum Wettbewerbsrecht 2021/2022
JF  - Betriebs-Berater (BB)
Y1  - 2022
UR  - https://www.juris.de/perma?d=jzs-BB-2022-42-011-2371
SN  - 0340-7918
SN  - 0947-0581
VL  - 73
IS  - 42
SP  - 2371
EP  - 2377
PB  - Deutscher Fachverlag GmbH
CY  - Frankfurt am Main
ER  - 
TY  - JOUR
A1  - Benlian, Alexander
A1  - Wiener, Martin
A1  - Cram, W. Alec
A1  - Krasnova, Hanna
A1  - Maedche, Alexander
A1  - Mohlmann, Mareike
A1  - Recker, Jan
A1  - Remus, Ulrich
T1  - Algorithmic management
BT  - bright and dark sides, practical implications, and research opportunities
JF  - Business and information systems engineering
Y1  - 2022
U6  - https://doi.org/10.1007/s12599-022-00764-w
SN  - 2363-7005
SN  - 1867-0202
VL  - 64
IS  - 6
SP  - 825
EP  - 839
PB  - Springer Gabler
CY  - Wiesbaden
ER  -