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pro vyhledávání: '"Craig Benedict"'
Publikováno v:
Journal of Money, Credit and Banking. 52:1909-1935
An important challenge for macroeconomics is to understand the reasons that retail prices change infrequently and the implications of this pricing behavior for economic welfare and allocative efficiency. This paper develops a menu cost model of prici
In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a3850c1adc581d1cb02088b9a945fb73
https://doi.org/10.3386/w22506
https://doi.org/10.3386/w22506
Publikováno v:
SSRN Electronic Journal.
In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu cost model of pricing in which retail firms intermediate trade between producers a