Mastrobuoni, Giovanni - Griswold Center for Economic Policy Studies, Department … - 2004
Labor Lunch Seminar.
Keywords: euro, currency changeover, imperfect information, search costs, price setting.
JEL … consumer behavior with incomplete information.
The euro introduces a cost of conversion which closely resembles search costs … empirical tests of them. Diamond (1971), in a very in uential
5
paper, shows that even small search costs could result in non …