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- Menu_cost abstract "In economics, a menu cost is the cost to a firm resulting from changing its prices. The name stems from the cost of restaurants literally printing new menus, but economists use it to refer to the costs of changing nominal prices in general. In this broader definition, menu costs might include updating computer systems, re-tagging items, and hiring consultants to develop new pricing strategies as well as the literal costs of printing menus. More generally, the menu cost can be thought of as resulting from costs of information, decision and implementation resulting in bounded rationality. Because of this expense, firms sometimes do not always change their prices with every change in supply and demand, leading to nominal rigidity (also known as sticky prices).Generally, the effect on the firm of small shifts in price (by changes in supply and/or demand, or else because of slight adjustments in monetary policy) are relatively minor compared to the costs of notifying the public of this new information. Therefore, the firm would rather exist in slight disequilbrium than incur the menu costs.".
- Menu_cost thumbnail Menu_cost.jpg?width=300.
- Menu_cost wikiPageID "2005532".
- Menu_cost wikiPageRevisionID "604296000".
- Menu_cost hasPhotoCollection Menu_cost.
- Menu_cost subject Category:Business_terms.
- Menu_cost subject Category:New_Keynesian_economics.
- Menu_cost subject Category:Pricing.
- Menu_cost type CausalAgent100007347.
- Menu_cost type Economist110043643.
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- Menu_cost type Scientist110560637.
- Menu_cost type SocialScientist110619642.
- Menu_cost type Whole100003553.
- Menu_cost type YagoLegalActor.
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- Menu_cost comment "In economics, a menu cost is the cost to a firm resulting from changing its prices. The name stems from the cost of restaurants literally printing new menus, but economists use it to refer to the costs of changing nominal prices in general. In this broader definition, menu costs might include updating computer systems, re-tagging items, and hiring consultants to develop new pricing strategies as well as the literal costs of printing menus.".
- Menu_cost label "Menu cost".
- Menu_cost label "Speisekarteneffekt".
- Menu_cost sameAs Náklady_jídelníčku.
- Menu_cost sameAs Speisekarteneffekt.
- Menu_cost sameAs 메뉴_비용.
- Menu_cost sameAs m.06dg39.
- Menu_cost sameAs Q2308728.
- Menu_cost sameAs Q2308728.
- Menu_cost sameAs Menu_cost.
- Menu_cost wasDerivedFrom Menu_cost?oldid=604296000.
- Menu_cost depiction Menu_cost.jpg.
- Menu_cost isPrimaryTopicOf Menu_cost.
