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The Discrete Charm of Nominal Illusion

Fatas, Enrique et al.
Repositorio institucional EdocUR · Papers · License: CC BY-NC-SA 2.5
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experimentsprecios
We investigate the emergence and persistence of nominal illusion in an experimental entry game where firms must choose which local market to enter, then compete in prices. All local markets are equivalent in real terms and they only differ in the currency the price competition is run under. Our expe
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