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Guimarães, Bernardo; Sheedy, Kevin D. - C.E.P.R. Discussion Papers - 2008

A striking fact about prices is the prevalence of "sales": large temporary price cuts followed by a return exactly to … the former price. This paper builds a macroeconomic model with a rationale for sales based on firms facing consumers with … different price sensitivities. Even if firms can vary sales without cost, monetary policy has large real effects owing to sales …

Persistent link: https://www.econbiz.de/10005666506

The Impact of Consumer Loss Aversion on Pricing

Heidhues, Paul; Köszegi, Botond - C.E.P.R. Discussion Papers - 2005

unchanging cost offers random ‘sales’ to increase customers’ expectation to consume, attracting more demand at high prices. …

Persistent link: https://www.econbiz.de/10005497986

Sales, Quantity Surcharge, and Consumer Inattention

Clerides, Sofronis; Courty, Pascal - C.E.P.R. Discussion Papers - 2010

size then costs more per unit than the small one. When quantity surcharges occur the sales of the large size decrease only …

Persistent link: https://www.econbiz.de/10008784714

Networked FDI: Sales and Sourcing Patterns of Japanese Foreign Affiliates

Baldwin, Richard; Okubo, Toshihiro - C.E.P.R. Discussion Papers - 2012

based on Yeaple’s complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates’ local sales share … in the EU and Asia. Affiliates became more vertical between 1996 and 2005. A four-way sales and sourcing split (host …

Persistent link: https://www.econbiz.de/10011083278

The land that Lean manufacturing forgot? Management practices in transition countries

Bloom, Nicholas; Schweiger, Helena; Van Reenen, John - C.E.P.R. Discussion Papers - 2011

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...

Persistent link: https://www.econbiz.de/10009207520

The Effect of Privatization and Competitive Pressure on Firms' Price-Cost Margins: Micro Evidence from Emerging Economies

Konings, Jozef; Van Cayseele, Patrick; Warzynski, Frederic - C.E.P.R. Discussion Papers - 2003

This Paper uses representative firm level panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to estimate market power (i.e. price-cost margins) and to analyse how these are affected by privatization and increased competitive pressure. In contrast to earlier work that analyses...

Persistent link: https://www.econbiz.de/10005667013

Development of Ownership Structure and its Effect on Performance: Czech Firms from Mass Privatisation

Kocenda, Evzen - C.E.P.R. Discussion Papers - 2002

This Paper works with a broad data sample of Czech voucher-privatized firms during 1996-99. It analyses the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest owner...

Persistent link: https://www.econbiz.de/10005788907

Do Locational Spillovers Pay? Empirical Evidence from German IPO Data

Audretsch, David B; Lehmann, Erik E - C.E.P.R. Discussion Papers - 2005

This study examines the impact locational spillovers have on firm performance. Based on a uniquely created dataset consisting of high-technology start-ups publicly listed in Germany, this paper tests the proposition of locational spillovers positively affecting firm performance, as measured by...

Persistent link: https://www.econbiz.de/10005497946

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - C.E.P.R. Discussion Papers - 2001

This Paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...

Persistent link: https://www.econbiz.de/10005504242

Corruption as a Barrier to Entry: Theory and Evidence

Campos, Nauro F; Estrin, Saul; Proto, Eugenio - C.E.P.R. Discussion Papers - 2010

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...

Persistent link: https://www.econbiz.de/10008682881