We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier … to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly …

We study industries where the price that a firm sets serves as an investment into lower cost or higher demand. We … assess the welfare implications of the ensuing competition for the market using analytical and numerical approaches to … compare the equilibria of a learning-by-doing model to the first-best planner solution. We show that dynamic competition leads …

price and quantity information to estimate the quality of products exported to the U.S. Higher quality is assigned to … products with higher market shares conditional on price. The estimated qualities reveal substantial heterogeneity in product … impact of low-wage competition on U.S. manufacturing employment and output. Markets characterized by relatively shorter …

(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …

. Further, along both sides of a state border, a change in one state's sales tax can shed light on the nature of competition, as … subsequent reinstatement, of the 5% gasoline sales tax in Illinois and Indiana following a temporary price spike in the spring of …

products saw a decline in prices as Mexican plants faced more competition and gained access to cheaper inputs. Prices of …

This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert …-Douglas production function, output price mismeasurement only should affect the latter. Contrary to the mismeasurement hypothesis, I find …

Multi-sector sticky price models have surprising implications when durable goods have flexible prices. While in actual … flexible price industry for which the comovement problem is relevant. The underlying reason for the comovement problem is the …

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 …