Leal, Laura Simonsen; Mateen, Haaris; Nirei, Makoto; … - National Bureau of Economic Research - 2021
Nirei and Scheinkman (2021) proposed an equilibrium model of price adjustments with menu-costs with a finite number of firms and derived a "reproduction number" for repricing and a limit functional form for the distribution of the number of simultaneously price-adjusting firms. We show that the...
