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Biglaiser, Gary; Crémer, Jacques; Dobos, Gergely - 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/10010234544

Switching beers? : the effects of switching costs on prices and profits in competitive markets

He, Xiaoyang; Siebert, Ralph - 2021

prices, market shares, and profits. Our demand estimation results show large differences in brand loyalty, and switching …

Persistent link: https://www.econbiz.de/10012510220

Salience in retailing : vertical restraints on internet sales

Helfrich, Magdalena; Herweg, Fabian - 2017 - This version: August 14, 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/10011717196

Profits, markups and entry : fiscal policy in an open economy

Coto-Martínez, Javier; Dixon, Huw - 2001

In this paper we develop a general model of an imperfectly competitive small open economy. There is a traded and non-traded sector, whose outputs are combined in order to produce a single final good that can be either consumed or invested. We make general assumptions about preferences and...

Persistent link: https://www.econbiz.de/10011399714

Income inequality and export prices across countries

Flach, Lisandra; Janeba, Eckhard - 2013

leads to higher average prices. We test the theory using detailed data for Brazilian exporters and find that the destination …

Persistent link: https://www.econbiz.de/10009764401

Nonparametric identification of production function, total factor productivity, and markup from revenue data

Kasahara, Hiroyuki; Sugita, Yoichi - 2020

Commonly used methods of production function estimation assume that a firm's output quantity can be observed as data, but typical datasets contain only revenue, not output quantity. We examine the nonparametric identification of production function from revenue data when a firm faces a general...

Persistent link: https://www.econbiz.de/10012308513

Uncertainty-driven business cycles : assessing the markup channel

Born, Benjamin; Pfeifer, Johannes - 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/10011597159

Intersectoral markup divergence

Behrens, Kristian; Kichko, Sergey; Ushchev, Philip - 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/10011814939

How exporters grow

Fitzgerald, Doireann; Haller, Stefanie; Yedid-Levi, Yaniv - 2020

We show that in successful episodes of export market entry, there are statistically and economically significant post-entry dynamics of quantities, but no post-entry dynamics of markups. This suggests that shifts in demand play an important role in successful entry, but that firms do not use...

Persistent link: https://www.econbiz.de/10012158137

Technology, market structure and the gains from trade

Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2017

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation. Oligopolistic competition together with free entry make markups responsive to firm productivity and trade costs. Lowering trade costs reduces markups on domestic sales but increases...

Persistent link: https://www.econbiz.de/10011750054

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