Repricing Avalanches
收藏NBER2021-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28654
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资源简介：
We present a menu-cost pricing model with a large but finite number n of firms. A firms nominal price increase lowers other firms relative prices, thereby inducing further nominal price increases. The distribution of these repricing avalanches converges as n to a mixture of Generalized Poisson
提供机构：
美国国家经济研究局
创建时间：
2021-04-01
