Sticky Prices, Coordination and Enforcement

Sticky Prices, Coordination and Enforcement
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Total Pages : 0
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ISBN-10 : OCLC:849307093
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Book Synopsis Sticky Prices, Coordination and Enforcement by : John C. Driscoll

Download or read book Sticky Prices, Coordination and Enforcement written by John C. Driscoll and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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This paper shows that nominal price rigidity can arise from a failure to coordinate price changes. If a firm's desired price is increasing in others' prices, th