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with the postulated social welfare criterion. Utilitarianism redistributes only between individuals with unequal fecundity … information and in order to solve for the incentive problem, utilitarianism recommends also to either tax or subsidize ART …
Persistent link: https://www.econbiz.de/10013258016
with the postulated social welfare criterion. Utilitarianism redistributes only between individuals with unequal fecundity … information and in order to solve for the incentive problem, utilitarianism recommends also to either tax or subsidize ART …
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This paper presents original evidence on price setting in the euro area at the individual level. We use micro data on consumer (CPI) and producer (PPI) prices, as well as survey information. Our main findings are: (i) prices in the euro area are sticky and more so than in the US; (ii) there is...
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