The Price-Setting Behavior of Austrian Firms: Some Survey Evidence

Arbeitspapier

This paper explores the price-setting behavior of Austrian firms based on survey evidence. Our main result is that customer relationships are a major source of price stickiness in the Austrian economy. We also find that the majority of firms in our sample follows a timedependent pricing strategy. However, a substantial fraction of firms deviates from time-dependent pricing in the case of large shocks and switches to a state-dependent pricing strategy. In addition, we present evidence suggesting that the price response to various shocks is subject to asymmetries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 100

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities ; Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
• Subject: Price-setting behavior ; Price rigidity

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Baumgartner, Josef ; Kwapil, Claudia ; Scharler, Johann
• Event: Veröffentlichung
• (who): Oesterreichische Nationalbank (OeNB)
• (where): Vienna
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/264692
• Last update: 10.03.2025, 11:44 AM CET