Search Results - subject:"menu"

The long-run effects of corporate tax reforms

Baley, Isaac; Blanco, Andres - 2022

Persistent link: https://www.econbiz.de/10012872588

The long-run effects of corporate tax reforms

Baley, Isaac; Blanco, Andres - 2022

Persistent link: https://www.econbiz.de/10012802882

Dispersion over the business cycle : passthrough, productivity, and demand

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2022

We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...

Persistent link: https://www.econbiz.de/10013256973

Bunching and adjustment costs : evidence from cypriot tax reforms

Mavrokonstantis, Panos; Seibold, Arthur - 2022

We study adjustment costs in behavioral responses to income taxes, exploiting tax reforms that create and subsequently eliminate income tax kinks in Cyprus. Reduced-form evidence reveals substantial adjustment frictions attenuating bunching and de-bunching responses. Combining the empirical...

Persistent link: https://www.econbiz.de/10013206133

Dynamic Pricing with Menu Costs : Approximation Schemes and Applications to Grocery Retail

Feldman, Jacob; Segev, Danny - 2022

We study a multi-period, multi-product, dynamic pricing problem with price adjustment costs known as menu costs. In … this setting, we assume that decision makers (e.g., retailers, online platforms) incur a fixed menu cost whenever prices … are updated between periods, as well as a variable menu cost that linearly scales with the number of between-period price …

Persistent link: https://www.econbiz.de/10013290214

Welfare costs of exchange rate fluctuations : evidence from the 1972 Okinawa reversion

Kano, Kazuko; Kano, Takashi - 2022

Persistent link: https://www.econbiz.de/10012878857

Uncertainty Shocks, Adjustment Costs and Firm Beliefs : Evidence From a Representative Survey

Dibiasi, Andreas; Mikosch, Heiner; Sarferaz, Samad - 2022

This paper studies the dynamic effects of an uncertainty shock on firm expectations. We conduct a survey that confronts managers from a representative firm sample with a model-consistent uncertainty shock scenario. An exogenous increase in uncertainty significantly reduces managers' expected...

Persistent link: https://www.econbiz.de/10013313918

The Cost of Labor Adjustment : Inferences from the Gap

Cooper, Russell; Willis, Jonathan L. - 2022

We study labor adjustment costs. We specify a dynamic optimization problem at the plant-level, allowing for both convex and non-convex adjustment costs. We estimate the parameters of the adjustment process using an indirect inference procedure in which simulated moments are matched with data...

Persistent link: https://www.econbiz.de/10013322354

Internal Adjustment Costs of Firm-Specific Factors and the Neoclassical Theory of the Firm

Chetty, V. K.; Heckman, James J. - 2022

This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately....

Persistent link: https://www.econbiz.de/10014240769

Adjustment Costs and Disinvestment in Q Contests

Grossmann, Martin - 2022

Two contestants compete against each other twice in a repeated contest. They invest and build up a human capital stock in order to increase their probability of winning a prize in each contest. In the second-period contest, any positive or negative adjustments of the human capital stock...

Persistent link: https://www.econbiz.de/10014077460