๐”– Bobbio Scriptorium
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A Model of Price Flexibility: Comment

โœ Scribed by Wesley J. Yordon, Yr.


Book ID
125651604
Publisher
American Economic Association
Year
1961
Tongue
English
Weight
194 KB
Volume
51
Category
Article
ISSN
0002-8282

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This article develops a flexible binomial model with a "tilt" parameter that alters the shape and span of the binomial tree. A positive tilt parameter shifts the tree upward while a negative tilt parameter does exactly the opposite. This simple extension of the standard binomial model is shown to co