Similar Search Results

Biglaiser, Gary - 2014

We consider a simple two period model where consumers have different switching costs. Before the market opens, there was an incumbent who sold to all consumers. We identify the equilibrium both with Stackelberg and Bertrand competition and show how the presence of low switching cost consumers...

Persistent link: https://www.econbiz.de/10013059468

Salience in Retailing : Vertical Restraints on Internet Sales

Helfrich, Magdalena - 2017

We provide an explanation for a frequently observed vertical restraint in ecommerce, namely that brand manufacturers …-quality product and limits the wholesale price a brand manufacturer can charge. If, however, the branded product is not available … price is salient in the store, this aligns the retailer's incentives with the brand manufacturer's interest to make quality …

Persistent link: https://www.econbiz.de/10012947991

Uncertainty-Driven Business Cycles : Assessing the Markup Channel

Born, Benjamin - 2017

A growing recent literature relies on a precautionary pricing motive embedded in representative agent DSGE models with sticky prices and wages to generate negative output effects of uncertainty shocks. We assess whether this theoretical model channel is consistent with the data. Building a New...

Persistent link: https://www.econbiz.de/10012962916

Intersectoral Markup Divergence

Behrens, Kristian - 2018

We develop a general equilibrium model of monopolistic competition with a traded and a non-traded sector. Using a broad class of homothetic preferences—that generate variable markups, display a simple behavior of their elasticity of substitution, and nest the ces as a limiting case—we show...

Persistent link: https://www.econbiz.de/10012918067

Mobility and Conflict

Bhattacharya, Sourav; Deb, Joyee; Kundu, Tapas - 2021

We study the role of inter-group differences in the emergence of conflict. In our setting, two groups compete for the right to allocate society's resources, and we allow for costly inter-group mobility. The winning group offers an allocation, that the opposition can either accept, or reject and...

Persistent link: https://www.econbiz.de/10013315939

House Prices, Local Demand, and Retail Prices

Stroebel, Johannes - 2015

We use detailed micro data to document a causal response of local retail price to changes in house prices, with elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many homeowners, and non-existent in zip codes with mostly renters....

Persistent link: https://www.econbiz.de/10013009877

Exchange Rate Pass-Through, Domestic Competition, and Inflation : Evidence from the 2005/08 Revaluation of the Renminbi

Auer, Raphael - 2015

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...

Persistent link: https://www.econbiz.de/10013037032

Unraveling Firms : Demand, Productivity and Markups Heterogeneity

Forlani, Emanuele - 2016

We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups across firms while leaving the correlation among the three unrestricted. We do this by systematically exploiting assumptions that are implicit in previous firm-level productivity...

Persistent link: https://www.econbiz.de/10012997337

Consuming Your Way to Efficiency : Public Goods Provision Through Non-Distortionary Tax Lotteries

Giebe, Thomas - 2013

We revisit the classical result that financing a pure public good through taxation of private consumption is inefficient. To this standard setup we add a consumption contest in which consumers can win a prize. We show that an appropriately chosen contest — which we call a ‘tax lottery' —...

Persistent link: https://www.econbiz.de/10013082023

Pension Funding and Individual Accounts in Economies with Life-Cyclers and Myopes

Fehr, Hans - 2009

The present paper studies the growth and efficiency consequences of pension funding with individual retirement accounts in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We distinguish between economies with rational and hyperbolic...

Persistent link: https://www.econbiz.de/10013157654

1
2
3
4
5
6
7
8
9
10
Next
Last