We study how workers' concern for coworkers' ability (CfCA) affects competition in the labor market. We consider two … also increases firms' competition for high-ability workers. As a result, CfCA benefits high-ability workers but is …

an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility …

question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions …