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theory, markups are chosen to ensure that no one deviates from an (implicitly) collusive understanding. Increases in rates of …
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. The imperfect information is endogenized using a variant of the theory of quot;rational inattentionquot; proposed by Sims …
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. The imperfect information is endogenized using a variant of the theory of "rational inattention" proposed by Sims (1998 …
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theory, markups are chosen to ensure that no one deviates from an (implicitly) collusive understanding. Increases in rates of …
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