Narrow search
Showing 1 - 10 of 72
Cover Image
Asymmetric Price Adjustment in the Small
Levy, Daniel; Haipeng (Allan) Chen; Ray, Sourav; … - Institut für Weltwirtschaft (IfW) - 2007
Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity— small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for...
Persistent link: https://www.econbiz.de/10005700618
Cover Image
Buyer Power in International Markets
Raff, Horst; Schmitt, Nicolas - Institut für Weltwirtschaft (IfW) - 2008
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/10005076088
Cover Image
Imports, Pass-Through, and the Structure of Retail Markets
Raff, Horst; Schmitt, Nicolas - Institut für Weltwirtschaft (IfW) - 2009
large when market structure effects are taken into account, and that restrictions on retailing may have significant effects …
Persistent link: https://www.econbiz.de/10005049593
Cover Image
Manufacturers and Retailers in the Global Economy
Raff, Horst; Schmitt, Nicolas - Institut für Weltwirtschaft (IfW) - 2011
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/10009147191
Cover Image
A Study of Pricing Evolution in the Online Toy Market
Yang, Zhenlin; Gan, Lydia; Tang, Fang-Fang - Institut für Weltwirtschaft (IfW) - 2008
We examine the pricing trends in the online toy markets by using panel data regression models with error components and serial correlation. Our results indicate that both online branch of multi-channel retailers (OBMCRS) and dotcoms charge similar prices on average, and that over time their...
Persistent link: https://www.econbiz.de/10005083418
Cover Image
A micro-econometric approach to geographic market definition in local retail markets: Demand side considerations
Beckert, Walter - Institut für Weltwirtschaft (IfW) - 2010
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10008494182
Cover Image
A generalized unification theorem for choice theoretic foundations: Avoiding the necessity of pairs and triplets
He, Junnan - Institut für Weltwirtschaft (IfW) - 2012
This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in literature rest upon the ability to choose over budget sets that contains only 2 or 3 elements, the situations which are not observable in real life. In order to give a more...
Persistent link: https://www.econbiz.de/10010956032
Cover Image
The magic of storytelling: How curiosity and aesthetic preferences work
Bianchi, Marina - Institut für Weltwirtschaft (IfW) - 2014
Why do we love stories? That this is not an idle question is shown by the fact that we spend an enormous amount of time in our lives following stories: telling and listening to them; reading them; watching them on television or in films or on stage. Despite their recurrent similarity and even...
Persistent link: https://www.econbiz.de/10010956066
Cover Image
Scitovsky, behavioural economics, and beyond
Pugno, Maurizio - Institut für Weltwirtschaft (IfW) - 2013
By revisiting Scitovsky's work on well-being, which introduces 'novelty' into the consumer's option set as a peculiar source of satisfaction, this paper finds a number of connections with the recent behavioural economics so as to open new lines on inquiry. First, similarly to behavioural...
Persistent link: https://www.econbiz.de/10010956139
Cover Image
Confronting the Representative Consumer with Household-Size Heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10008727755