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Asymmetric price adjustment in a menu-cost model

✍ Scribed by Jakob B. Madsen; Bill Z. Yang

Book ID
105129566
Publisher
Springer Vienna
Year
1998
Tongue
English
Weight
785 KB
Volume
68
Category
Article
ISSN
1617-7134

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## Abstract This paper examines nominal price rigidities in an environment, e‐commerce, where literal menu costs can be assumed not to exist. We argue that if we can empirically show that nominal rigidities do still exist in the e‐commerce environment, then it implies that other kinds of costs besi