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Modeling Price Rigidity or Predicting the Quality of the Good that Clears the Market

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NBER1980-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0503
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资源简介:
To say that the price of some good is inflexible over time has little meaning if the "good" is changing over time. In this paper we concentrate on delivery lags as being the only dimension other than price that varies. We show how one can predict the relative importance of price and delivery lag
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1980-07-01
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