Search technology, staggered price-setting, and price dispersion

Article Abstract:

Nominal disturbances can have large economic effects if companies engage in staggered price-setting and if frequent adjustment of prices occurs. Research was conducted to determine which conditions lead to staggered equilibria or synchronized equilibria in a market characterized by price-setting sellers and buyers that must search for price information. The results indicated that synchronized equilibria do not exist and that the result of the price search is price-staggering.

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Valuation equilibria with transactions costs

Article Abstract:

The impact of measured transactions costs in equilibrium analysis has not progressed rapidly in areas such as asset-pricing and growth-accounting. The delay is attributed to the belief that standard general-equilibrium theory has no applications in problems involving costly resource allocation. It is shown that transactions costs can be studied in terms of a valuation equilibria by reformulating the commodity setting for an economic set.

Cost benefit analysis, Cost (Economics), Costs (Economics)

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Some evolutionary foundations for price level rigidity

Article Abstract:

Factors that affect price rigidity and its relation to supply and demand are examined.

United States, Pricing Policy, Supply and demand, Product price

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