This paper analyzes the optimum pricing policies of a multiproduct monopoly in the presence of inflation and fixed costs of nominal price changes. The authors examine the conditions which lead to staggered or synchronized pricing policies when the timing of price changes is endogenous. Two...

Why do people work intermittently and why do they synchronize their work schedules? A group of interacting workers who differ in tastes is analyzed. A lifetime labor supply model is developed which combines tiring, rhythmic changes in the environment, and interactions among workers arising from...

There is some evidence that children of divorced parents do not perform as well as comparable children in intact families but that this gap declines with the aggregate divorce rate. We develop a model in which the higher expectations for remarriage associated with higher divorce rates can...