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Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/6305Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Burke, SP | - |
| dc.contributor.author | Hunter, J | - |
| dc.date.accessioned | 2012-03-16T16:28:25Z | - |
| dc.date.available | 2012-03-16T16:28:25Z | - |
| dc.date.issued | 2011 | - |
| dc.identifier.citation | Quantitative and Qualitative Analysis in the Social Sciences, 5(1): 26 - 36, 2011 | en_US |
| dc.identifier.issn | 1752-8925 | - |
| dc.identifier.uri | www.qass.org.uk/2011/paper2.pdf | en |
| dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/6305 | - |
| dc.description | This is the post-print version of the Article. The official published version can be accessed from the link below - Copyright @ QASS 2011 | en_US |
| dc.description.abstract | This article describes a characterisation of competitive market behaviour using the concepts of cointegration analysis. It requires all (n) firms to set prices to follow a single stochastic trend (equivalently the vector of n prices should relate to cointegrating rank n- 1). This implies that, in the long run, prices are driven by the shocks that impact on all companies, ruling out the possibility that the price set by any one firm is weakly exogenous for the set of cointegrating vectors. | en_US |
| dc.format.medium | electronic | - |
| dc.language | English | - |
| dc.language.iso | en | en_US |
| dc.publisher | Quantitative and Qualitative Analysis in Social Sciences | en_US |
| dc.subject | Cointegration | en_US |
| dc.subject | Common trend | en_US |
| dc.subject | Competition | en_US |
| dc.subject | Equilibrium price adjustment | en_US |
| dc.subject | Stochastic trend | en_US |
| dc.subject | Weak exogeneity | en_US |
| dc.title | Long-run equilibrium price targetting | en_US |
| dc.type | Article | en_US |
| pubs.organisational-data | /Brunel | - |
| pubs.organisational-data | /Brunel/Brunel Active Staff | - |
| pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences | - |
| pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences/Economics and Finance | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Social Sciences - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Social Sciences - URCs and Groups/Brunel Macroeconomics Research Centre | - |
| Appears in Collections: | Economics and Finance Publications Dept of Economics and Finance Research Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Fulltext.pdf | 129.73 kB | Adobe PDF | View/Open |
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