All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Noritaka Kudoh
''Money and price dynamics in a market with strategic bargaining''
( 2010, Vol. 30 No.1 )
This paper studies a strategic bargaining model of money and prices to complement the results reported in Coles and Wright (1998). The probability of a bargaining breakdown is chosen to be consistent with market conditions in the spirit of Rubinstein and Wolinsky (1985). The unique monetary steady state coincides with the one under asymmetric Nash bargaining. The dynamics of the price level are determined without any reference to the value of search. The dynamic properties of the model resemble those of traditional monetary models.
Keywords: money, bargaining, price dynamics.
E4 - Money and Interest Rates: General
Manuscript Received : Jan 12 2010 Manuscript Accepted : Mar 10 2010

  This abstract has been downloaded 1650 times                The Full PDF of this paper has been downloaded 149691 times