Similar Search Results

Varieties and the Transfer Problem : The Extensive Margin of Current Account Adjustment

Corsetti, Giancarlo - 2008

of goods and services and do not account for firms' entry in the product market. In this paper we revisit the …

Persistent link: https://www.econbiz.de/10012464851

Monetary Policy and Business Cycles with Endogenous Entry and Product Variety

Bilbiie, Florin O. - 2007

This paper studies the role of endogenous producer entry and product creation for monetary policy analysis and business cycle dynamics in a general equilibrium model with imperfect price adjustment. Optimal monetary policy stabilizes product prices, but lets the consumer price index vary to...

Persistent link: https://www.econbiz.de/10012465454

Evaluating the Calvo Model of Sticky Prices

Eichenbaum, Martin - 2004

Can variants of the classic Calvo (1983) model of sticky prices account for the statistical behavior of post-war US inflation? We develop and test versions of the model for which the answer to this question is yes. We then investigate whether these models imply plausible degrees of inertia in...

Persistent link: https://www.econbiz.de/10012468074

A Theory of the Currency Denomination of International Trade

Bacchetta, Philippe - 2002

firms. We find that the higher the market share of an exporting country in an industry, and the more differentiated its …

Persistent link: https://www.econbiz.de/10012469674

The Variety and Quality of a Nation's Trade

Hummels, David - 2002

Not surprisingly, big countries trade more than small countries. In this paper we use data on shipments by 110 exporters to 59 importers in 5,000 product categories to ask: how? Do big countries trade larger quantities of a common set of goods (the intensive margin), a larger set of goods (the...

Persistent link: https://www.econbiz.de/10012470003

The Demand for Variety : A Household Production Perspective

Gronau, Reuben - 2001

Product diversity pervades every modern marketplace, and economists have devoted substantial attention to firms' decisions about the supply of variety. This study looks at the consumer's side by discussing the demand for variety. Using the framework of the home-production model, we trace...

Persistent link: https://www.econbiz.de/10012470209

The Strategic Use of Tying to Preserve and Create Market Power in Evolving Industries

Carlton, Dennis W. - 1998

position in future periods. We then show using related arguments how a monopolist in one market can employ tying to extend its … monopoly position into a newly emerging market. The analysis focuses on the importance of entry costs and network externalities …

Persistent link: https://www.econbiz.de/10012471980

The Structure of Foreign Trade

Helpman, Elhanan - 1998

During the last two decades, new research has greatly advanced our understanding of the structure of world trade. This article reviews the empirical literature that grew out of this effort, emphasizing the ways in which it relied on theoretical developments

Persistent link: https://www.econbiz.de/10012472061

Effects of Information Provision in an Vertically Differentiated Market

Chipty, Tasneem - 1998

We study the effects of consumer information on equlibrium market prices and observable product quality in the market ….Information provision via R&Rs has no significant effects on staff-child ratios. These findings are generally consistent with search theory … and support the contention that information provision can intensify price competition …

Persistent link: https://www.econbiz.de/10012472309

Multiproduct Multinationals and Reciprocal FDI Dumping

Baldwin, Richard E. - 1998

supply the foreign market via exports or via FDI. The close correlation of two-way trade and investment flows is therefore …

Persistent link: https://www.econbiz.de/10012472322