schliessen

Filtern

 

Bibliotheken

INFLATION AND VARIETY*

Economies undergoing high inflation often experience a reduction of product variety in the marketplace. Existing models study how inflation affects quantity, but very few have studied how inflation affects variety. In a monetary model with explicit microfoundations, I analyze how inflation affects v... Full description

Journal Title: International Economic Review May 2010, Vol.51(2), pp.401-420
Main Author: Dong, Mei
Format: Electronic Article Electronic Article
Language:
Subjects:
ID: ISSN: 0020-6598 ; E-ISSN: 1468-2354 ; DOI: 10.1111/j.1468-2354.2010.00585.x
Zum Text:
SendSend as email Add to Book BagAdd to Book Bag
Staff View
recordid: wj10.1111/j.1468-2354.2010.00585.x
title: INFLATION AND VARIETY*
format: Article
creator:
  • Dong, Mei
subjects:
  • Inflation (Economics) -- Analysis
ispartof: International Economic Review, May 2010, Vol.51(2), pp.401-420
description: Economies undergoing high inflation often experience a reduction of product variety in the marketplace. Existing models study how inflation affects quantity, but very few have studied how inflation affects variety. In a monetary model with explicit microfoundations, I analyze how inflation affects variety as well as quantity. I consider two pricing mechanisms—bargaining and price posting with directed search. I show that inflation reduces both quantity and variety under both pricing mechanisms. Quantitatively, the model implies that the total welfare cost of 10% inflation ranges from 4.77% to 8.4% under bargaining and is 1.52% under price posting.
language:
source:
identifier: ISSN: 0020-6598 ; E-ISSN: 1468-2354 ; DOI: 10.1111/j.1468-2354.2010.00585.x
fulltext: fulltext
issn:
  • 0020-6598
  • 00206598
  • 1468-2354
  • 14682354
url: Link


@attributes
ID18860788
RANK0.07
NO1
SEARCH_ENGINEprimo_central_multiple_fe
SEARCH_ENGINE_TYPEPrimo Central Search Engine
LOCALfalse
PrimoNMBib
record
control
sourcerecordid10.1111/j.1468-2354.2010.00585.x
sourceidwj
recordidTN_wj10.1111/j.1468-2354.2010.00585.x
sourcesystemPC
pqid940979249
galeid226765896
display
typearticle
titleINFLATION AND VARIETY*
creatorDong, Mei
ispartofInternational Economic Review, May 2010, Vol.51(2), pp.401-420
identifier
descriptionEconomies undergoing high inflation often experience a reduction of product variety in the marketplace. Existing models study how inflation affects quantity, but very few have studied how inflation affects variety. In a monetary model with explicit microfoundations, I analyze how inflation affects variety as well as quantity. I consider two pricing mechanisms—bargaining and price posting with directed search. I show that inflation reduces both quantity and variety under both pricing mechanisms. Quantitatively, the model implies that the total welfare cost of 10% inflation ranges from 4.77% to 8.4% under bargaining and is 1.52% under price posting.
source
subjectInflation (Economics) -- Analysis;
version9
lds50peer_reviewed
links
openurl$$Topenurl_article
openurlfulltext$$Topenurlfull_article
search
creatorcontribDong, Mei
titleINFLATION AND VARIETY*
descriptionEconomies undergoing high inflation often experience a reduction of product variety in the marketplace. Existing models study how inflation affects quantity, but very few have studied how inflation affects variety. In a monetary model with explicit microfoundations, I analyze how inflation affects variety as well as quantity. I consider two pricing mechanisms—bargaining and price posting with directed search. I show that inflation reduces both quantity and variety under both pricing mechanisms. Quantitatively, the model implies that the total welfare cost of 10% inflation ranges from 4.77% to 8.4% under bargaining and is 1.52% under price posting.
general
0Blackwell Publishing Inc
110.1111/j.1468-2354.2010.00585.x
2Wiley Online Library
sourceidwj
recordidwj10.1111/j.1468-2354.2010.00585.x
issn
00020-6598
100206598
21468-2354
314682354
rsrctypearticle
creationdate2010
addtitleInternational Economic Review
searchscope
0wj
1wiley
scope
0wj
1wiley
lsr30VSR-Enriched:[pages, pqid, galeid, subject]
sort
titleINFLATION AND VARIETY*
authorDong, Mei
creationdate20100500
facets
frbrgroupid3704302379781069173
frbrtype5
creationdate2010
collectionWiley Online Library
prefilterarticles
rsrctypearticles
creatorcontribDong, Mei
jtitleInternational Economic Review
toplevelpeer_reviewed
delivery
delcategoryRemote Search Resource
fulltextfulltext
addata
aulastDong
aufirstMei
auDong, Mei
atitleINFLATION AND VARIETY*
jtitleInternational Economic Review
risdate201005
volume51
issue2
spage401
epage420
issn0020-6598
eissn1468-2354
genrearticle
ristypeJOUR
abstractEconomies undergoing high inflation often experience a reduction of product variety in the marketplace. Existing models study how inflation affects quantity, but very few have studied how inflation affects variety. In a monetary model with explicit microfoundations, I analyze how inflation affects variety as well as quantity. I consider two pricing mechanisms—bargaining and price posting with directed search. I show that inflation reduces both quantity and variety under both pricing mechanisms. Quantitatively, the model implies that the total welfare cost of 10% inflation ranges from 4.77% to 8.4% under bargaining and is 1.52% under price posting.
copMalden, USA
pubBlackwell Publishing Inc
doi10.1111/j.1468-2354.2010.00585.x
pages401-420
date2010-05