Sticky Prices as Coordination Failure
收藏NBER1987-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2327
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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, then the gains to the firm from adjusting its price after a nominal shock are greater if others adjust. This "strategic complementarity" in
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美国国家经济研究局创建时间：
1987-07-01
