The Discrete Charm of Nominal Illusion

Fatas, Enrique; Morales, Antonio J.

doi:https://doi.org/10.48713/10336_18476

Ítem

Acceso Abierto

The Discrete Charm of Nominal Illusion

Mostrar el registro sencillo de la publicación

dc.contributor.gruplac	Facultad de Economía	spa
dc.creator	Fatas, Enrique
dc.creator	Morales, Antonio J.
dc.date.accessioned	2018-09-14T20:25:18Z
dc.date.available	2018-09-14T20:25:18Z
dc.date.created	2018-09-12
dc.date.issued	2018
dc.description.abstract	We investigate the emergence and persistence of nominal illusion in an experimental entry game where firms must choose which local market to enter, then compete in prices. All local markets are equivalent in real terms and they only differ in the currency the price competition is run under. Our experimental results show a positive, persistent and monotone effect of the nominal exchange rate on (real) posted prices. We provide an explanation in terms of players simplifying the choice set using discrete grids.	eng
dc.format.extent	31	spa
dc.format.mimetype	application/pdf
dc.identifier.doi	https://doi.org/10.48713/10336_18476
dc.identifier.uri	http://repository.urosario.edu.co/handle/10336/18476
dc.language.iso	spa	spa
dc.relation.citationIssue	No. 220
dc.relation.citationTitle	Serie Documentos de trabajo. Economía
dc.relation.uri	https://ideas.repec.org/p/col/000092/016630.html
dc.rights.accesRights	info:eu-repo/semantics/openAccess
dc.rights.acceso	Abierto (Texto Completo)	spa
dc.source.instname	instname:Universidad del Rosario
dc.source.reponame	reponame:Repositorio Institucional EdocUR
dc.subject	Price competition	spa
dc.subject	Money illusion	spa
dc.subject	Experiments	spa
dc.subject	Nominal representation	spa
dc.subject.lemb	Precios	spa
dc.subject.lemb	Moneda	spa
dc.subject.lemb	Modelos econométricos	spa
dc.title	The Discrete Charm of Nominal Illusion	spa
dc.type	workingPaper	eng
dc.type.hasVersion	info:eu-repo/semantics/publishedVersion
dc.type.spa	Documento de trabajo	spa