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Persistent link: https://www.econbiz.de/10002117349
We investigate how firms' market power affects the price level. In our small macro-model we show, that firms - in addition to hypothesised structural mark-up pricing power - may take advantage of favourable business cycle fluctuations. The paper provides empirical evidence for both these...
Persistent link: https://www.econbiz.de/10002117361
We examine the determinants of overeducation in Switzerland - an economy generally characterised by excess qualified labor demand. We define those who are overeducated more precisely, and include in our sample only those who work in occupations relating to their educational background. Failing...
Persistent link: https://www.econbiz.de/10002202976
Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal "Lucas critique" levelled against them, these models are still widely...
Persistent link: https://www.econbiz.de/10002202977
The paper aims at explaining empirically the diffusion of E-commerce based on two largescale sample surveys conducted in the Swiss economy. The paper adds to previous work in two ways: firstly, we estimate separate models for E-selling and E-purchasing, and, secondly, we distinguish between...
Persistent link: https://www.econbiz.de/10002202981
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This paper examines the macroeconomic effects of an oil price shock in a small open industrial economy without oil resources, namely, Switzerland. First, we test whether oil price shocks Granger-cause Swiss macroeconomic variables, and use a medium-scale macroeconometric model to track the...
Persistent link: https://www.econbiz.de/10001783595
For many years, Business Tendency Surveys on the basis of mailing suffer from an erosion of the response rate. To counter this problem, there are traditional methods as limitation of the number of questions, improvement of the design of the questionnaire, intensified recalls by mail or...
Persistent link: https://www.econbiz.de/10001767702
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