search query: @journal_id 97 / total: 799
reference: 41 / 799
| Author: | Bhaskar, V. |
| Title: | On endogenously staggered prices |
| Journal: | Review of Economic Studies
2002 : JAN, VOL. 69:1(238), p. 97-116 |
| Index terms: | Prices Econometric models Business cycles |
| Language: | eng |
| Abstract: | The paper provides a simple model of imperfect competition which produces stable staggering. The argument relies on strategic interaction at two levels - between firms within an industries, and across industries - and produces a continuum of staggered price equilibria. These equilibria are strict, and hence stable under a simple adaptive learning process. |
SCIMA