Avversione al rischio e rigidità nominali

Translated title of the contribution: [Autom. eng. transl.] Nominal risk aversion and rigidity

Gerd Weinrich

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

[Autom. eng. transl.] It may be optimal for a risk-averse company not to change its price even if it is optimal to change it if the company is risk-neutral. A price that owns this property is called an endogenous fixed price. There are fixed endogenous prices if, and only if, the variance of the quantity demanded, seen as a random variable by the company, presents an edge at the status quo price.
Translated title of the contribution[Autom. eng. transl.] Nominal risk aversion and rigidity
Original languageItalian
Title of host publicationLa Nuova Economia Keynesiana
Pages243-262
Number of pages20
Publication statusPublished - 1996

Keywords

  • avversione al rischio
  • prezzi fissi endogeni

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