Topic: Information Frictions and the Paradox of Price Flexibility
Lecturer: Shengliang OU, Shanghai University of Finance and Economics
Time: 3:00-4:30 p.m. November 25h, 2019 (Monday)
Venue: B423, Zhixin Building
Abstract: The topic of this seminar focuses on the effect of the change in the price rigidity on the consumers’ welfare, in the presence of the informational friction. The research found that consumers’ welfare losses are increasing in the price flexibility.