This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …

This paper lays out an econometric strategy for estimating the effect of advertising on prices, by exploiting seasonal … demand and imperfect targeting. We present two simple models of duopoly where firms choose prices and advertising. In times …

We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity rises in a manner that increases over time. Our estimates suggest that EU manufacturing prices fell by 2 …

firms, elasticity of substitution between goods and degree of transparency on equilibrium prices. The main result is that … the following 'common wisdom' is incorrect: more transparent markets always feature lower prices, higher consumer welfare …

This paper examines the extent to which the destination of exports matters for the input prices paid by firms, using … destinations and find that exporting to richer countries leads firms to charge more for outputs and pay higher prices for inputs …

Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly …