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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 … menu-cost model as a literal description of these firms' behavior, arguing instead that price stickiness arises from …
Persistent link: https://www.econbiz.de/10012468957
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The Effect of Price Advertising and Prices : Evidence in the Wake of 44 Liquormart
Milyo, Jeffrey - 1998
The world's population is living longer but retiring earlier, and vast numbers of adults now spend as much as 1/3 of their lifetimes relying on public and private retirement benefits. Consequently, labor economists are interested in the forces driving retirement behavior, seeking to understand...
Persistent link: https://www.econbiz.de/10012472317
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The Seasonality of Consumer Prices
Bryan, Michael F. - 1995
previous research has indicated. That is, seasonal price movements have become more prominent in the relatively stable … in prices differs greatly by item, making it difficult to generalize about seasonal price movements. A casual reading …
Persistent link: https://www.econbiz.de/10012473706
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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
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Not a Typical Firm : The Joint Dynamics of Firms, Labor Shares, and Capital–Labor Substitution
Hubmer, Joachim; Restrepo, Pascual - National Bureau of Economic Research - 2021
-intensive technologies required to automate additional tasks. Following a decline in the price of capital, large firms automate more of their …
Persistent link: https://www.econbiz.de/10012496133
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Factoryless Goods Producers in the US
Bernard, Andrew B. - 2013
This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...
Persistent link: https://www.econbiz.de/10012459266
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Contracting over Pharmaceutical Formularies and Rebates
Ho, Katherine; Lee, Robin S. - National Bureau of Economic Research - 2024
We investigate how formularies used by pharmacy benefit managers (PBMs) can affect manufacturer rebates for branded drugs. We first present a theoretical model of multidimensional contracting in which a PBM negotiates with drug manufacturers over menus of formulary-contingent rebate payments and...
Persistent link: https://www.econbiz.de/10015056114
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Seasonal Unit Roots in Aggregate U.S. Data
Beaulieu, J. Joseph - 1992
In this paper we provide evidence on the presence of seasonal unit roots in aggregate U.S. data. The analysis is conducted using the approach developed by Hyllebcrg, Engle, Granger and Yoo (1990). We first derive the mechanics and asyrnptotics of the HEGY procedure for monthly data and use Monte...
Persistent link: https://www.econbiz.de/10012474842
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Agricultural Seasonality and the Organization of Manufacturing During Early Industrialization : The Contrast Between Britain and the United States
Sokoloff, Kenneth L. - 1991
The United States differed dramatically from Britain in the way manufacturing was organized during early industrialization. Even before widespread mechanization, American production was almost exclusively from centralized plants, whereas the British and other European economies were...
Persistent link: https://www.econbiz.de/10012475168
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Seasonality in Nineteenth Century Labor Markets
Engerman, Stanley L.; Goldin, Claudia - National Bureau of Economic Research - 1991
In nineteenth century America, most employment, particularly that in agriculture, was highly seasonal. Thus the movement of labor from outdoor to indoor must have increased labor hours and days per year, thereby resulting in higher national income and greater economic growth. We provide the...
Persistent link: https://www.econbiz.de/10012475449