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Record W1536120606

Nominal Wage Rigidity as a Nash Equilibrium

2003· preprint· en· W1536120606 on OpenAlexaffabout
Steven Ambler

Bibliographic record

VenueRePEc: Research Papers in Economics · 2003
Typepreprint
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic theories and models
Canadian institutionsUniversité du Québec à Montréal
Fundersnot available
KeywordsEconomicsRigidity (electromagnetism)WageMicrofoundationsNash equilibriumIncentiveMicroeconomicsLabour economicsMacroeconomics
DOInot available

Abstract

fetched live from OpenAlex

I would like to thank the FCAR and the SSHRC for generous financial support, and André Kurmann, Louis Phaneuf, and seminar participants at the Université du Québec à Montréal for helpful discussions. The usual caveats apply. Résumé: Les modèles des microfondements des rigidités nominales montrent qu’en présence de rigidités réelles, les firmes ont une incitation très forte à ajuster leurs prix même si les autres firmes ne le font pas: la rigidité des prix n’est pas un équilibre de Nash à moins que le coût fixe d’ajuster les prix soit trop élevé pour être plausible. Nous montrons que la rigidité des salaires nominaux peut être un équilibre de Nash même sans rigidités réelles et lorsque le coût fixe d’ajuster le salaire nominal est relativement faible. La taille du coût d’ajustement nécessaire pour supporter la rigidité des salaires nominaux décroît au fur et à mesure que l’élasticité de l’offre de travail augmente, mais elle reste très faible pour des valeurs empiriquement plausibles de cette élasticité. La taille nécessaire du coût d’ajustement n’est pas sensible au degré de substituabilité entre les types de travail dans la fonction de production. Abstract: Models of the microfoundations of nominal price rigidities show that in the absence of real rigidities, individual firms have strong incentives to adjust prices even

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.007
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.031
Threshold uncertainty score0.103

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.007
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0010.002
Scholarly communication0.0030.003
Open science0.0020.002
Research integrity0.0020.002
Insufficient payload (model declined to judge)0.0310.003

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.058
GPT teacher head0.301
Teacher spread0.243 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2003
Admission routes2
Has abstractyes

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