The consequences of price inestability on search markets: a quantitative assessment

This paper calibrates the model of a real economy in which inflation is introduced as an idiosyncratic shock to firms’ costs. Inflation induces relative price variability, eroding long-term relationships between customers and firms. We calibrate the model using a data set of individual prices of Arg...

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Detalles Bibliográficos
Autores principales: Campos Lopes, Caetano de, Gómez Vidal, Analía, López, Fernando, Spector, Mariano
Otros Autores: Neumeyer, Pablo A.
Formato: Tesis de grado acceptedVersion
Lenguaje:Español
Publicado: Universidad Torcuato Di Tella 2017
Materias:
Precios > Evaluación > Metodología
Estudios de mercado
Política económica > Modelos económicos
Tesis
Acceso en línea:http://repositorio.utdt.edu/handle/utdt/1450
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R16320.500.13098-1450
record_format dspace
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Español
orig_language_str_mv spa
topic Precios -- Evaluación -- Metodología
Estudios de mercado
Política económica -- Modelos económicos
Tesis
spellingShingle Precios -- Evaluación -- Metodología
Estudios de mercado
Política económica -- Modelos económicos
Tesis
Campos Lopes, Caetano de
Gómez Vidal, Analía
López, Fernando
Spector, Mariano
The consequences of price inestability on search markets: a quantitative assessment
description This paper calibrates the model of a real economy in which inflation is introduced as an idiosyncratic shock to firms’ costs. Inflation induces relative price variability, eroding long-term relationships between customers and firms. We calibrate the model using a data set of individual prices of Argentina due to Álvarez, Beraja, Gonzalez-Rozada and Neumeyer. We find that there is not a good match between the model and the data. The model finds it particularly difficult to account for price dispersion in a context of price stability.
author2 Neumeyer, Pablo A.
author_facet Neumeyer, Pablo A.
Campos Lopes, Caetano de
Gómez Vidal, Analía
López, Fernando
Spector, Mariano
format Tesis de grado
acceptedVersion
author Campos Lopes, Caetano de
Gómez Vidal, Analía
López, Fernando
Spector, Mariano
author_sort Campos Lopes, Caetano de
title The consequences of price inestability on search markets: a quantitative assessment
title_short The consequences of price inestability on search markets: a quantitative assessment
title_full The consequences of price inestability on search markets: a quantitative assessment
title_fullStr The consequences of price inestability on search markets: a quantitative assessment
title_full_unstemmed The consequences of price inestability on search markets: a quantitative assessment
title_sort consequences of price inestability on search markets: a quantitative assessment
publisher Universidad Torcuato Di Tella
publishDate 2017
url http://repositorio.utdt.edu/handle/utdt/1450
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