𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The optimal pricing of pollution when enforcement is costly

✍ Scribed by John K. Stranlund; Carlos A. Chávez; Mauricio G. Villena


Book ID
116637342
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
191 KB
Volume
58
Category
Article
ISSN
0095-0696

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Costly price adjustment and the optimal
✍ Jerzy D. Konieczny 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 194 KB

## Abstract I analyse the optimal rate of inflation when prices are costly to change. As the costs of price adjustment are the main friction in the model, effects of inflation stem from the accounting role of money. Inflation increases relative price variability and reduces the average product of l