Sticky Prices, Coordination and Enforcement

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  • Sticky Prices, Coordination and Enforcement Book Detail

  • Author : John C. Driscoll
  • Release Date : 2003
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 38,38 MB

Sticky Prices, Coordination and Enforcement by John C. Driscoll PDF Summary

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Sticky Prices, Coordination, and Collusion

Sticky Prices, Coordination, and Collusion

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New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggr

Sticky prices as coordination failure

Sticky prices as coordination failure

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This paper shows that nominal price rigidity can arise from a failure to coordinate price changes. If a firm's desired price is increasing in others' prices, th