Relative Price Variability, Repeat Sales and the Welfare Cost of Inflation.

We present a model in which inflation has a systematic effect on relative prices and welfare. The model focuces on the microeconomics of trade under inflation, and in particular, the role of long-term trading relationships in markets characterized by imperfect information.

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Year of publication:	1996
Authors:	Fershtman, C. ; Fishman, A. ; Simhon, A.
Institutions:	Eitan Berglas School of Economics, Tel Aviv University
Subject:	INFLATION \| PRICES

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Series:	Tel Aviv - the Sackler Institute of Economic Studies.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005672112