Relative Price Variability, Repeat Sales and the Welfare Cost of Inflation

Chaim Fershtman (), Arthur Fishman () and A. Simhon

Working Papers from Tel Aviv - the Sackler Institute of Economic Studies

Abstract: We present a model in which inflation has a systematic effect on relative prices and welfare. The model focuces on the microeconomics of trade under inflation, and in particular, the role of long-term trading relationships in markets characterized by imperfect information.

Keywords: INFLATION; PRICES (search for similar items in EconPapers)
JEL-codes: E30 E31 (search for similar items in EconPapers)
Pages: 25 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:teavsa:15-96

Access Statistics for this paper

More papers in Working Papers from Tel Aviv - the Sackler Institute of Economic Studies Tel-Aviv University, The Sackler Institute of Economic Studies, Ramat Aviv 69 978 Tel-Aviv, Israel. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().