This paper analyzes the optimum pricing policies of a multiproduct monopoly in the presence of inflation and fixed costs of nominal price changes. The authors examine the conditions which lead to staggered or synchronized pricing policies when the timing of price changes is endogenous. Two...

This paper presents and estimates a dynamic model of married women's labor-force participations and fertility in which the effect of work experience on wages is explicitly taken into account. Because current participation alters future potential earnings, the investment return to work will be an...

This paper investigates the properties of the joint distribution of the duration to the first post-schooling full-time job and of the accepted wage for that job within a search-matching-bargaining theoretic model. The model provides an interpretation of the observations on duration fundamentals...