Though built with increasingly precise microfoundations, modern optimizing sticky price models have displayed a chronic … [2000]. This is an ironic finding, since Taylor [1980] and other researchers were motivated to study sticky price models in … standard view of the cyclical behavior of real marginal cost built into current sticky price macro models. Using both a small …

volatility are high, few imports are pre-bought, the price of imports is determined by the realized real exchange rate, and a … purchased in the spot market, the price of imports is determined by the realized real exchange rate, and the relative PPP holds …-buying imports, reducing thereby the frequency of pricing to market, increasing the expected relative price of imports, reducing the …

a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an … two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby … second is driven by firms pricing to limit non-price competition within their market …

marginal cost schedule, aggregate output can vary if and only if the markup of price over marginal cost varies. In this review …

of services or unit price. We compare the treatment of heart attacks and newly diagnosed chest pain in HMOs and …

and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and … information reduces price dispersion, maximum price, and average price. With this model we examine empirically the effects of R … price dispersion and lower maximum prices. There is also some evidence that markets with R&Rs have lower average prices …

response to earn cigarette puffs. Changing the number of responses required per puff is conceptualized as a price manipulation …. Our experiments show that these price increases decrease cigarette consumption and that price elasticity of demand … increases with increases in price. When from 74 different smokers, participating in 17 different experiments, in our laboratory …

ethanol exposure via a variant of the Samson ethanol fading technique) respond to changes in the price of ethanol. For both …, rats responded only moderately to a 100% price increase (especially when compared to the response for the non …-ethanol commodity during the control session), but more dramatically for a 400% ethanol price increase. However, going back to baseline …

This paper examines the relationship between price growth and skill intensity across 150 manufacturing industries … between 1989 and 1995. There are two main findings. First, wage growth and intermediate goods price increases are passed …