Jovanic, Boyan; Ueda, Masako - In: Journal of Political Economy 105 (1997) 4, pp. 700-708
Why are contracts not fully indexed? In a setting in which fully indexed contracts are feasible, the authors find that, when price-level data are gathered with delay, these contracts are not renegotiation-proof. The contracts that replace them entail a lower level of welfare for the parties to...