Title of article
An explicit solution for dynamic menu costs with zero discounting
Author/Authors
Martin Chalkley، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
7
From page
189
To page
195
Abstract
In a dynamic stochastic environment, small menu costs generate considerable inertia. This paper uses the average cost criterion to analyse a model with zero discounting and considers the relationship between the discounted and zero discounting models of dynamic menu costs
Keywords
Uncertainty , Inertia , Menu costs
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434442
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