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Optimal price setting with observation and menu costs

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NBER2010-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15852
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We model the optimal price setting problem of a firm in the presence of both information and menu costs. In this problem the firm optimally decides when to collect costly information on the adequacy of its price, an activity which we refer to as a price "review". Upon each review, the firm chooses
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2010-03-01
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