کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966683 931094 2008 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Convenient prices, currency, and nominal rigidity: Theory with evidence from newspaper prices
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Convenient prices, currency, and nominal rigidity: Theory with evidence from newspaper prices
چکیده انگلیسی
Certain items' prices are often set to simplify and expedite transactions, by coinciding with available monetary units, requiring few pieces of money, or requiring little change. In this sense, these prices are more convenient than other proximate prices. This paper models a firm that explicitly incorporates convenience into its pricing decisions-where convenience is quantified by the number of currency units in a transaction-and illustrates the theoretical behaviors that can arise. Newspaper cover price data empirically support the theory. Across a broader range of goods and services, convenience appears to play a role in effecting above-average nominal price rigidity.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Monetary Economics - Volume 55, Issue 7, October 2008, Pages 1303-1316
نویسندگان
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