Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10009611576
Persistent link: https://www.econbiz.de/10000624049
Persistent link: https://www.econbiz.de/10009272592
Persistent link: https://www.econbiz.de/10001645848
Persistent link: https://www.econbiz.de/10001780924
We present a dynamic model of price setting in which price adjustments are costly for the monopolist. The general price level changes endogenously due to welfare changes. For the resulting two-dimensional dynamical system the existence of a continuum of stationary points is proven. Furthermore,...
Persistent link: https://www.econbiz.de/10014117464