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Time-dependent or state-dependent price setting? Micro-evidence from German metal-working industries
Stahl, Harald - 2005
Price setting in German metal-working industries is analysed using a monthly panel of individual price data for more … estimated. Price changes can be explained by a combination of state-dependence and time-dependence but time-dependence clearly … dominates. Time-dependence is strongest if a price increase follows a price increase. This is typically the case during the …
Persistent link: https://www.econbiz.de/10010295770
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A coase-kép másképp: Coase és a közszolgáltatások
Pál, Valentiny - 2018
Thinking about Ronald Coase, economists generally refer to transaction and social costs, to the importance of property rights and institutions or to the Coase-theorem. Examine his work more closely, a common feature takes shape behind these ideas, the public utilities. The constant and detailed...
Persistent link: https://www.econbiz.de/10012290254
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Energy services at local and national level in the transition period in Hungary
Valentiny, Pál - 2008
Energy industries are mainly organised at national level in Hungary, however local governments have their specific role in the system. Local governments have been major performers in the first period of the transition process: they were entitled to receive 25 per cent of the shares in electric...
Persistent link: https://www.econbiz.de/10010494369
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Piacnyitás a hálózatos szolgáltatásoknál
Valentiny, Pál - 2010
Several decades of market opening has become a characteristic of network industries. Its main hindrances and aids has come into sight during this period. There is a need now to evaluate the process of market opening and to assess the steps to be taken. Market opening is usually measured by...
Persistent link: https://www.econbiz.de/10010494442
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Political Selection of Firms into Privatization Programs - Evidence from Romanian Comprehensive Data
Szentpéteri, Ádám; Telegdy, Álmos - 2008
Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization programs. Using a comprehensive dataset that includes all firms inherited from...
Persistent link: https://www.econbiz.de/10010494385
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Political Selection of Firms into Privatization Programs. Evidence from Romanian Comprehensive Data
Szentpéteri, Ádám; Telegdy, Álmos - 2009
Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that includes all firms inherited from socialism, we estimate...
Persistent link: https://www.econbiz.de/10010494403
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Political Objectives and Privatization Decisions - Selection of Firms into Privatization or Long-Term State Ownership in Romania
Szentpéteri, Ádám; Telegdy, Álmos - 2009
With the help of a peculiar institutional feature of early Romanian privatization, when a group of firms was explicitly banned to become private, we test which factors contributed to the selection of firms into long-term state ownership. We find that politicians sheltered large and inefficient...
Persistent link: https://www.econbiz.de/10010494411
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Consumer price adjustment under the microscope: Germany in a period of low inflation
Hoffmann, Johannes; Kurz-Kim, Jeong-Ryeol - 2006
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in ?unconditional? sectoral price flexibility are found to be linked to …
Persistent link: https://www.econbiz.de/10010295804
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Trade credit and pricing: An empirical evaluation
Amberg, Niklas; Jacobson, Tor; von Schedvin, Erik - 2018
trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices … funding costs and counterparty risks. Our results thus demonstrate the importance of trade credit for price setting and show …
Persistent link: https://www.econbiz.de/10011943324
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Globalization and the markups of European firms
Békés, Gábor; Hornok, Cecília; Muraközy, Balázs - 2016
We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...
Persistent link: https://www.econbiz.de/10011944878