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In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers. An important facet of our...
Persistent link: https://www.econbiz.de/10012456172
The United States has experienced rising immigration levels and changing source since the 1950s. The changes in source … have been attributed to the 1965 Amendments to the Immigration Act that abolished country-quotas and replaced them with a … US immigrants. Given this view, it seems all the more remarkable that the sources of immigration changed so dramatically …
Persistent link: https://www.econbiz.de/10012469716