Price Discrimination by Coupons Restriction

In this paper we show how the use of a restricted number of coupons in the presence of different types of customers is an effective means of implementing a price discriminating policy. Hence, firm profits can be increased even when traditional price discrimination is forbidden.     

Price adjustment strategy under conditions of high inflation: An empirical examination

Price adjustment strategy is a central problem to businesses operating under conditions of high inflation. Three different approaches to the problem are presented and some of their implications tested empirically by means of a unique data set. The empirical observations do not support any of the three traditional approaches.     

Unanticipated money,output, employment and prices in a develoing economy: the korean case

This paper examines the effect of unanticipated money on output, unemployment and prices in Korea. The empirical results tend to reject the policy ineffectiveness proposition (PIP) in most cases. They show that both anticipated and unantipated money affect output and prices, in contract with the PIP. Mixed results are obtained for the effect of monetary variables on unemployment. The statistical results show that the regular OLS two step estimates yield t values which are upward biases by 0–27% as compared with the consistent estimates of the variance-covariance matrix that are obtained in this study. [E 51]     

The demand for liquid assets and involvement in exports; some empirical results

The hypothesis that the greater a firm's involvement in exports, the greater will be that firm's demand for liquid assets, is empirically tested in this paper. The results are supportive of the hypothesis. In addition it was found that firms owned by labor cooperatives have lower demand for liquid assets than other firms.