Customer Anger at Price Increases, Time Variation in the Frequency of Price Changes and Monetary Policy
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下载链接：
https://www.nber.org/papers/w9320
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资源简介：
While much evidence suggests tha price rigidity is due to a concern with the reaction of customers, price increases do not seem to be typically associated with drastic reduction in purchases. To explain this apparent inconsistency, this paper develops a model where consumers care about the fairness
提供机构：
美国国家经济研究局
创建时间：
2002-11-01
