Wednesday, September 03, 2008

The Mankiw Model Weeps

Menu costs are shrinking at Kohl's in Bloomington, where shoe prices rise throughout the day:

Note: I am aware that this in no way harms the menu cost model, whose point is that menu costs can be small and still create price rigidities.

1 comment:

KipEsquire said...

The best investment in which I lost all my money was Telepanel Systems.

(It was a small investment.)