Similar Search Results

Inflation, price dispersion and market integration through the lens of a monetary search model

Becker, Sascha O.; Nautz, Dieter - 2010

Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically...

Persistent link: https://www.econbiz.de/10003952539

Price dispersion and the stability of trade

Oglend, Atle; Asche, Frank; Pincinato, Ruth Beatriz … - In: The Scandinavian journal of economics 125 (2023) 3, pp. 789-820

Persistent link: https://www.econbiz.de/10014362720

Inflation, price dispersion and market integration through the lens of a monetary search model

Becker, Sascha S.; Nautz, Dieter - 2010

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically V-shaped...

Persistent link: https://www.econbiz.de/10008749778

Inflation, price dispersion and market integration through the lens of a monetary search model

Becker, Sascha S.; Nautz, Dieter - In: European economic review : EER 56 (2012) 3, pp. 624-

Persistent link: https://www.econbiz.de/10009657467

Labor Market Search, Wage Bargaining and Inflation Dynamics

Trigari, Antonella - 2004

matching frictions and bargaining over real wages and hours of work. Search frictions generate unemployment in equilibrium …. Wage bargaining introduces a microfounded real wage rigidity. First, I study a Nash bargaining model. Then, I develop an … alternative bargaining model, which I refer to as right-to-manage bargaining. Both models have similar predictions in terms of …

Persistent link: https://www.econbiz.de/10014069816

Wage bargaining with on-the-job search : theory and evidence

Cahuc, Pierre; Postel-Vinay, Fabien; Robin, Jean-Marc - In: Econometrica : journal of the Econometric Society, an … 74 (2006) 2, pp. 323-364

Persistent link: https://www.econbiz.de/10003316408

The unemployment accelerator

Blanco, Andrés; Navarro, Gaston - 2016

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on two key assumptions: search frictions in the labor...

Persistent link: https://www.econbiz.de/10011573865

Wage bargaining with on-the-job search : theory and evidence

Cahuc, Pierre; Postel-Vinay, Fabien; Robin, Jean-Marc - 2003

Persistent link: https://www.econbiz.de/10001900548

Job search and the age-inequality profile : conference paper

Marotzke, Petra - 2013

retirement age into Cahuc, Postel-Vinay, and Robin s (2006) strategic wage bargaining model with counteroffers and heterogeneous … retirement, match heterogeneity, and the worker's bargaining power. Because the working life is finite, the optimal search effort … of the current match. The bargaining power parameter influences the worker's reservation wage. The model can reproduce …

Persistent link: https://www.econbiz.de/10010338396

Law of one price, distance, and borders

Borraz, Fernando; Zipitría, Leandro - 2017

We propose a decomposition of the border effect in international trade by controlling for differences in competition in local markets. An extension of the Hotelling (1929) model shows that the availability of local substitutes increases price dispersion and biases the estimation of the border...

Persistent link: https://www.econbiz.de/10012114622