Add to ORKGThis study aims to build a model in which price rigidity can be derived as a sub-game perfect equilibrium strategy. Assuming consumer’s imperfect information about the time-varying cost shocks faced by the firms, we show that firms ’ competition can lead to the adoption of sticky prices in order to attract risk adverse customers, even without adjustment costs
We show that after monetary policy announcements, the conditional volatility of stock market returns...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
By analysing an infinitely repeated game where unit costs alternate stochastically between low and h...
This paper aims at contributing to the research agenda on the sources of price stickiness, showing t...
This paper aims at contributing to the research agenda on the sources of price stickiness, showing t...
I study a repeated buyer-seller relationship for the exchange of a given good. Asymmetric informatio...
AbstractBy analysing an infinitely repeated game where unit costs alternate stochastically between l...
I study a repeated buyer-seller relationship for the exchange of a givengood. Asymmetric information...
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents ...
This paper presents an explanation of imperfect adjustment of prices to current market conditions, b...
In this paper, we show that the Shapley–Shubik market game model with production naturally generates...
Price rigidity is often modeled by assuming that firms face a fixed cost of price change. However, i...
Recent empirical studies suggest that prices in highly concentrated industries tend to be rigid and ...
By analysing an infinitely repeated game where unit costs alternate stochastically between low and h...
We study an infinitely repeated Bertrand game in which an i.i.d. demand shock occurs in each period....
We show that after monetary policy announcements, the conditional volatility of stock market returns...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
By analysing an infinitely repeated game where unit costs alternate stochastically between low and h...
This paper aims at contributing to the research agenda on the sources of price stickiness, showing t...
This paper aims at contributing to the research agenda on the sources of price stickiness, showing t...
I study a repeated buyer-seller relationship for the exchange of a given good. Asymmetric informatio...
AbstractBy analysing an infinitely repeated game where unit costs alternate stochastically between l...
I study a repeated buyer-seller relationship for the exchange of a givengood. Asymmetric information...
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents ...
This paper presents an explanation of imperfect adjustment of prices to current market conditions, b...
In this paper, we show that the Shapley–Shubik market game model with production naturally generates...
Price rigidity is often modeled by assuming that firms face a fixed cost of price change. However, i...
Recent empirical studies suggest that prices in highly concentrated industries tend to be rigid and ...
By analysing an infinitely repeated game where unit costs alternate stochastically between low and h...
We study an infinitely repeated Bertrand game in which an i.i.d. demand shock occurs in each period....
We show that after monetary policy announcements, the conditional volatility of stock market returns...
We show that after monetary policy announcements, the conditional volatility of stock market returns...
By analysing an infinitely repeated game where unit costs alternate stochastically between low and h...