In this paper we analyse the driving forces of the transition from plan to market in China. A two segments and two sectors model is constructed to take into account the particular economic situation in China during the transition process: a large agricultural sector and an industrial sector; a...

The manufacturing sectors of less developed countries (LDCs) have traditionally been relatively protected. They have also been subject to heavy regulation, much of which is biased in favor of large enterprises. Accordingly, it is often argued that manufacturers in these countries perform poorly...

Sulla base dei dati disponibili dal censimento intermedio del 1996 e del numero delle domande e del volume degli investimenti per la legge 488 (i dati qui rappresentati riguardano solo il secondo bando per motivi di sintesi) nelle regioni italiane per i settori in cui sono divise le imprese...

We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...

El docuemnto se dedica al estudio del comportamiento de las AFP del Sistema Privado de Pensiones peruano. El trabajo utiliza el marco de análisis de la teoría de juegos repetidos y aspectos complementarios de la teoría de la colusión implícita para aproximar el comportamiento de los agentes...

The European Union and its Member States have been engaged in product market reforms over a long period with notable reforms including the Single Market Program and the Lisbon Agenda launched in March 2000. Product market reforms are seen as exerting both a direct and an indirect impact on...

Several recent papers argue that price matching policies raise equilibrium prices. We add to this literature by considering potential welfare losses, which have two sources: Harberger triangles from high prices and Posner rectangles from over-entry. We compare markets with price matching and...

Using unique retail and wholesale price data for 4,532 products carried by a major Midwestern grocery retailer, we find evidence of significant retail price rigidity during the Thanksgiving through Christmas holiday period relative to the rest of the year. We suggest that this pattern of holiday...

Using weekly retail transaction scanner price data from a large U.S supermarket chain, we find significantly higher retail price rigidity for private label products than for nationally branded products during the Christmas and Thanksgiving holiday periods relative to the rest of the year. The...