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Optimal Sticky Prices under Rational Inattention
Maćkowiak, Bartosz - 2009
information flow. When idiosyncratic conditions are more variable or more important than aggregate conditions, firms pay more …
Persistent link: https://www.econbiz.de/10012765187
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Escape from model-land
Thompson, Erica L.; Smith, Leonard A. - 2019
support by providing relevant, adequate information regarding the real-world target of interest, or making it clear why today …
Persistent link: https://www.econbiz.de/10012110757
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Linking individuals and societies
Jasso, Guillermina - 2009
operations as pooling, matching, regression, hierarchical and multilevel modeling, calculating summary measures, finding the … ; rectangular distribution ; exponential distribution ; normal distribution ; pooling ; matching ; multilevel modeling ; inequality …
Persistent link: https://www.econbiz.de/10003872719
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Scarcity and Non-Scarcity in a Non-Market Economics Model
Scahill, Edward M. - 2010
This article describes a model that can be used to introduce basic economic concepts to children at the K-8 grade levels and lay a foundation for the later study of markets and prices. The model focuses on non-market environments, such as homes and schools, where people first experience economic...
Persistent link: https://www.econbiz.de/10013139950
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Composition of the job-seeker stock in labour market matching : a stochastic frontier approach
Hynninen, Sanna-Mari - 2007
Persistent link: https://www.econbiz.de/10003487666
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Multidimensional screening
Basov, Suren - 2005
Persistent link: https://www.econbiz.de/10002392714
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Multidimensional Screening
Basov, Suren (contributor) - 2005
The book brings into a focus all necessary mathematical knowledge necessary to understand the economics of multidimensional results screening and applies them straightaway to economic models. The first part of this book contains a review of vector calculus, the theory of partial differential...
Persistent link: https://www.econbiz.de/10014014034
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Coarse Matching with Incomplete Information
Hoppe-Wewetzer, Heidrun C.; Moldovanu, Benny; … - 2008
completely random matching, requiring only a minimal amount of information … partners from the other side. Our main results quantify the relative attractiveness of a coarse matching scheme consisting of … two classes of agents on each side, in terms of matching surplus (output), an intermediary's revenue, and the agents …
Persistent link: https://www.econbiz.de/10014052814
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Monetary policy and staggered wage bargaining when prices are sticky
Carlsson, Mikael (contributor);  … - 2006
In this paper, we outline a baseline DSGE model which enables a straightforward analysis of wage bargaining between firms and households/unions in a model with both staggered prices and wages. Relying on empirical evidence, we assume that prices can be changed whenever wages are changed. This...
Persistent link: https://www.econbiz.de/10003396925
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Optimal sticky prices under rational inattention
Maćkowiak, Bartosz (contributor);  … - 2005
which price setting firms optimally decide what to observe, subject to a constraint on information flow. When idiosyncratic …
Persistent link: https://www.econbiz.de/10003147842