IDEAS home Printed from https://ideas.repec.org/a/jns/jbstat/v214y1995i2p175-194.html
   My bibliography  Save this article

Preis- und Mengenreaktionen bei Informationsmängeln auf dem Gütermarkt / Price and Quantity Reactions on Product Markets with Imperfect Information

Author

Listed:
  • Erlei Mathias

    (Universität Münster, Lehrstuhl für Volkswirtschaftslehre, Am Stadtgraben 9, D-48143 Münster)

Abstract

On a product market costumers’ search costs bring about a kink in a firm’s conjectural demand curve. As a consequence different unemployment regimes are derived from different kinds of labor markets. Then the effects of demand policy are analyzed. In case of static expectations demand policy is effective and full employment can be realized by deficit spending. In case of adaptive expectations demand policy is effective as long as it does not cause prices to rise. In case of “classical expectations” demand policy is ineffective. Finally, it shows that supply side policy is only effective in the long run.

Suggested Citation

  • Erlei Mathias, 1995. "Preis- und Mengenreaktionen bei Informationsmängeln auf dem Gütermarkt / Price and Quantity Reactions on Product Markets with Imperfect Information," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 214(2), pages 175-194, April.
    • Handle: RePEc:jns:jbstat:v:214:y:1995:i:2:p:175-194
    DOI: 10.1515/jbnst-1995-0206
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jbnst-1995-0206
    Download Restriction: no
    File URL: https://libkey.io/10.1515/jbnst-1995-0206?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:214:y:1995:i:2:p:175-194. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.