price stickiness

Show Summary Details

Quick Reference

Resistance or failure of price to change instantaneously in response to a change in an economic environment. Possible causes of price stickiness are monopolistic competition and menu costs, money illusion, imperfect information with regards to price changes, and fairness concerns.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.