Noussair, Charles N.; Pfajfar, Damjan; Zsiros, Janos - In: Journal of Economic Behavior & Organization 109 (2015) C, pp. 188-202
We construct experimental economies, populated with human subjects, with a structure based on a nonlinear version of the New Keynesian dynamic stochastic general equilibrium (DSGE) model. We analyze the behavior of firms’ pricing decisions in four different experimental economies. We consider...