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Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices

Davis, Michael C. - 2003

The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that this prediction is broadly consistent with the...

Persistent link: https://www.econbiz.de/10012468957

Regulation, Distribution Efficiency, and Retail Density

Flath, David - 2003

After outlining characteristics of Japan's distribution sector, a comprehensive international comparison of it to those of other nations is presented and analyzed for underlying differences. This leads to an explanation of Japan's retail store density, which is then related to the structure of...

Persistent link: https://www.econbiz.de/10012469253

The Modern Wholesaler : Global Sourcing, Domestic Distribution, and Scale Economies

Ganapati, Sharat - National Bureau of Economic Research - 2024

Nearly half of all transactions in the $5 trillion market for manufactured goods in the United States were intermediated by wholesalers in 2012, up from 32 percent in 1992. Seventy percent of this increase is due to the growth of "superstar" firms - the largest one percent of wholesalers....

Persistent link: https://www.econbiz.de/10014468236

Market Segmentation and the Sources of Rents from Innovation : Personal Computers in the Late 1980's

Bresnahan, Timothy F. - 1996

This paper evaluates the sources of transitory market power in the market for personal computers (PCs) during the late 1980's. Our analysis is motivated by the coexistence of low entry barriers into the PC industry and high rates of innovative investment by a small number of PC manufacturers. We...

Persistent link: https://www.econbiz.de/10012473112

The Theory of Allocation and Its Implications for Marketing and Industrial Structure

Carlton, Dennis W. - 1991

This paper identifies a cost of using the price system and from that develops a general theory of allocation. The … theory explains why a buyer's stochastic purchasing behavior matters to a seller. This leads to a theory of optimal customer … mix much akin to the theory of optimal portfolio composition. It is the job of a firm's marketing department to put …

Persistent link: https://www.econbiz.de/10012475214

The Industrial Revolution in Services

Hsieh, Chang-Tai - 2019

The rise in national industry concentration in the US between 1977 and 2013 is driven by a new industrial revolution in three broad non-traded sectors: services, retail, and wholesale. Sectors where national concentration is rising have increased their share of employment, and the expansion is...

Persistent link: https://www.econbiz.de/10012479917

Wholesalers and Retailers in U.S. Trade (Long Version)

Bernard, Andrew B. - 2010

We combine data on individual trade transactions from U.S. customs records with comprehensive information on firms' employment from the Census Bureau's business register to examine wholesalers and retailers in U.S. exports and imports. Exporters and importers with 100 percent employment in...

Persistent link: https://www.econbiz.de/10012462991

Pass-Through in Retail and Wholesale

Nakamura, Emi - 2008

This paper studies how prices comove across products, firms and locations to gauge the relative importance of retailer versus manufacturer-level shocks in determining prices. I make use of a large panel data set on prices for a cross-section of retailers in the U.S. I analyze prices at the...

Persistent link: https://www.econbiz.de/10012464684

Wealth Transfers from Implementing Real-Time Retail Electricity Pricing

Borenstein, Severin - 2005

Adoption of real-time electricity pricing -- retail prices that vary hourly to reflect changing wholesale prices -- removes existing cross-subsidies to those customers that consume disproportionately more when wholesale prices are highest. If their losses are substantial, these customers are...

Persistent link: https://www.econbiz.de/10012467083

Biases in Static Oligopoly Models? Evidence from the California Electricity Market

Kim, Dae-Wook - 2004

Estimating market power is often complicated by the lack of reliable measures of marginal cost. Instead, policy-makers often rely on other summary statistics of the market, thought to be correlated with price cost margins---such as concentration ratios or the HHI. In many industries, these...

Persistent link: https://www.econbiz.de/10012467792

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