A sociological view of costs of price adjustment: contributions from grounded theory methods

Autor:	Mark Zbaracki
Rok vydání:	2007
Předmět:	Microeconomics Management of Technology and Innovation Strategy and Management Factor price Econometric methods Economics Management Science and Operations Research Business and International Management Positive economics Grounded theory Economic problem Test (assessment)
Zdroj:	Managerial and Decision Economics. 28:553-567
ISSN:	1099-1468 0143-6570
DOI:	10.1002/mde.1330
Popis:	Economic theory and data sometimes pose problems that cannot be addressed with existing econometric methods. For example, theories of price adjustment costs rely on variables that cannot or have not been observed. In principle, such costs can be measured, but there is little reason to expect they can be measured with existing econometric methods. I argue that the grounded theory methods developed by sociologists can be used to demonstrate the validity of price adjustment costs and to address deeper questions about how firms adjust prices. Properly matched to economic problems, grounded theory may help economists to develop better theory and better test existing theory. Copyright © 2007 John Wiley & Sons, Ltd.
Databáze:	OpenAIRE
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