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account. I present a new model of retailing in general equilibrium and explore its implications for a number of different … shocks. The results demonstrate that retail assortments may remain constant if consumers have a low preference for diversity …
Persistent link: https://www.econbiz.de/10005051532
large when market structure effects are taken into account, and that restrictions on retailing may have significant effects …
Persistent link: https://www.econbiz.de/10008596602
Convex vacancy creation costs shape firms’ responses to trade liberalization. They induce capacity constraints by increasing firms’ cost of production, leading a profit maximizing firm not to fully meet the increased foreign demand. Hence, firms will only serve a few export markets. More...
Persistent link: https://www.econbiz.de/10009320777
As a part of their industry or competition policies governments decide whether to allow for free market entry of firms or to regulate market access. We analyze a model where governments (ab)use these policy decisions for strategic reasons in an international setting. Multiple equilibria of this...
Persistent link: https://www.econbiz.de/10005196323
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10008583684
We use a panel of Brazilian exporters, their products, and destination markets to document a set of regularities for multi-product exporters: (i) few top-selling products account for the bulk of a firm’s exports in a market, (ii) the distribution of exporter scope (the number of products per...
Persistent link: https://www.econbiz.de/10008833907
This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices...
Persistent link: https://www.econbiz.de/10005013951
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in … shift in employment from manufacturing to retailing, the rise in retailer product assortment and the emergence of slotting … concentration is best explained by technological change in retailing. We also identify a novel benefit from market integration …
Persistent link: https://www.econbiz.de/10009150657
We study competition among a score of firms participating in an online market for a commodity computer component. Firms were able to adjust prices continuously; prices determined how the firms were ranked and listed (lowest price listed first), with better ranks contributing to firms’ sales....
Persistent link: https://www.econbiz.de/10010747211
We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...
Persistent link: https://www.econbiz.de/10005013939