Is Equilibrium Indexation Efficient?
- 1 May 1988
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 103 (2) , 299-311
- https://doi.org/10.2307/1885114
Abstract
This paper investigates the welfare properties of equilibrium indexation in a decentralized economy. If indexation is costless, so all firms index, tKeywords
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