Clause de non-renouvellement et rigidité des prix

Résultats sur le secteur de l'édition en France

Translated title of the contribution: Non-renewal clauses and price rigidity: Dynamic panel estimates on publishing data

Michel Beine*, Étienne Farvaque

*Corresponding author for this work

Research output: Contribution to journalReview article

Abstract

The paper deals with the fear-of-losing-customers argument for price rigidity. We address the following question: does the fact that customers are subject to non-renewal clause foster price flexibility? Using a new database in which customers are forced to change their subscription each year, we find that sluggishness in price adjustment exists even when customers are forced to shift from one product to another. Our empirical methodology also allows to account for unobserved heterogeneity and other features of the publishing sector.

Original languageFrench
Pages (from-to)57-66
Number of pages10
JournalRevue Economique
Volume62
Issue number1
DOIs
Publication statusPublished - 24 Jan 2011

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