Sticky Prices Coordination And Enforcement
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Sticky Prices, Coordination and Enforcement
| Author | : John C. Driscoll |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2003 |
| Genre | : |
| ISBN | : |
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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
