依赖状态的注意力和定价决策

IF 6.3 1区经济学 Q1 ECONOMICS

American Economic Journal-Macroeconomics Pub Date : 2023-04-01 DOI:10.1257/mac.20210038

Javier Turén

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引用次数: 3

摘要

本文研究了理性不注意条件下的定价决策。价格是通过追踪一个未被观察到的目标来设定的，这个目标的分布也是未知的。信息获取是动态的和完全灵活的，因为给定先前获得的信息，价格制定者选择他们收集的信息量以及他们希望如何了解结果及其分布。我们表明，通过允许不完全信息成为刚性的唯一来源，该模型可以调和价格设定的微观经济证据中的风格化事实，同时与国家依赖注意力的经验结果一致。(jel d21, d82, d83, e32, l11, l25)

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State-Dependent Attention and Pricing Decisions

This paper studies price-setting decisions under rational inattention. Prices are set by tracking an unobserved target whose distribution is also unknown. Information acquisition is dynamic and fully flexible since, given information acquired previously, price setters choose the amount of information they collect as well as how they want to learn about both the outcome and its distribution. We show that by allowing for imperfect information to be the unique source of rigidity, the model can reconcile stylized facts in the microeconomic evidence on price setting while simultaneously being consistent with empirical results on state-dependent attention. (JEL D21, D82, D83, E32, L11, L25)

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来源期刊

American Economic Journal-Macroeconomics ECONOMICS-

CiteScore

8.20

自引率

1.70%

发文量

期刊介绍： American Economic Journal: Macroeconomics focuses on studies of aggregate fluctuations and growth, and the role of policy in that context. Such studies often borrow from and interact with research in other fields, such as monetary theory, industrial organization, finance, labor economics, political economy, public finance, international economics, and development economics. To the extent that they make a contribution to macroeconomics, papers in these fields are also welcome.