Showing 1 - 10 of 339
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has … domestic labour cost changes to core CPI inflation decreased from 0.25 in the 1980s to just 0.02 in the 2010s, while the … EMEs around the turn of the millennium, which signals increased competition and market contestability. …
Persistent link: https://www.econbiz.de/10012657987
The effects of (private, small-scale) piracy on the pricing behavior of producers of information goods are studied … within a unified model of vertical differentiation. Although information goods are assumed to be perfectly horizontally … that competition drives prices up and reduces total surplus. …
Persistent link: https://www.econbiz.de/10010261097
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10010531812
This paper studies how a firm should make pricing and transparency decisions when consumers care about supply chain … characteristics. We first show how preferences that account for price and unit cost constrain the firm’s pricing power and profit …
Persistent link: https://www.econbiz.de/10012425581
promotions during the first two weeks of the lockdown, and the presence of local pricing retail chains (LP) competing with … uniform (national) pricing retail chains (UP). We decompose the price changes into the regular price, the frequency, and the … heterogeneity in price response also suggests that the price increase was not driven by cost inflation. …
Persistent link: https://www.econbiz.de/10012582137
In this paper we examine the role of the design of behavioral rules in agent-based macroeconomic modeling. Based on clear theoretical foundations, we develop a general representation of the behavioral rules governing price and quantity decisions of firms and show how rules used in four main...
Persistent link: https://www.econbiz.de/10015166208
For many years, Donald Shoup has been advocating cashing out free and underpriced curbside parking. How should this be implemented in practice, taking into account the stochasticity of curbside parking vacancies? Shoup has proposed setting neighborhood/period of the day-specific meter rates such...
Persistent link: https://www.econbiz.de/10010323016
strategically distorted information. This ambiguity about the type of spy gives rise to a non-standard signaling problem where both … sender and receiver of messages have private information and the sender has a chance to make an unobserved move. Whereas …
Persistent link: https://www.econbiz.de/10013231973
’ collusive behaviour in a within-subjects setting. In the first game, subjects have no information on other players, whereas they …
Persistent link: https://www.econbiz.de/10013296722
Corporate tax reforms carried out in EU countries since 1980 entail lower statutory tax rates and reductions in generous tax depreciation provisions. Several countries including the UK have reduced tax rates for SMEs. This study compares incentive effects of such reforms on the SMEs? investment...
Persistent link: https://www.econbiz.de/10010261282