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The existence and persistence of the pay-per-use bias in car sharing services

Dowling, Katharina; Manchanda, Puneet; Spann, Martin - 2019

sharing firms offer a menu of pricing plans to make this happen. The two most common plans are flat-rate and pay …-per-use pricing. However, little is known about how consumers choose among these pricing plans. In this study, we analyze consumers …’ choices between pay-per-use and flat-rate pricing using data from a car sharing provider in a large European city. We show …

Persistent link: https://www.econbiz.de/10012118528

When transaction-level wage transparency can increase consumer preference

Stich, Lucas; Ungemach, Christoph; Fuchs, Christoph; … - 2022

Firms are usually reluctant to disclose information about the production costs of their goods and services; however, some firms have recently started to disclose cost information to consumers. This research examines the consequences of disclosing transaction-level wage information on consumer...

Persistent link: https://www.econbiz.de/10014472455

Consumer search and firm strategy with multi-attribute products

Gambato, Jacopo - 2024

I analyze a model of directed search in which a consumer inspects a finite number of products sharing attributes with each others. The consumer discovers her valuation for the attributes of the inspected products and adapts her search strategy based on what she has learned. The consumer...

Persistent link: https://www.econbiz.de/10014566747

International Transmission of Environmental Policy: A New Keynesian Perspective

Ganelli, Giovanni; Tervala, Juha - 2010

In this paper we examine the international transmission of environmental policy using a New Keynesian model of the global economy. We first consider the case in which the quality of the environment affects utility, but not productivity. This allows us to look at the trade-off between...

Persistent link: https://www.econbiz.de/10012503012

International comovements, business cycle and inflation: a historical perspective

Mumtaz, Haroon; Simonelli, Saverio; Surico, Paolo - 2009

Using a dynamic factor model, we uncover four main empirical regularities on international comovements in a long-run panel of real and nominal variables. First, the contribution of world comovements to domestic output growth has decreased over the post-WWII period. The contribution of regional...

Persistent link: https://www.econbiz.de/10003882168

The pricing behaviour of UK firms

Batini, Nicoletta; Jackson, Brian; Nickell, Stephen J. - 2002

which those goods are exchanged in international markets. In this paper we present two models of industry pricing behaviour … and confront them with UK sectoral data, by estimating the theoretically derived pricing equations using an input … sector appears to fit the data only marginally better than the one which is based on a structural dynamic pricing equation …

Persistent link: https://www.econbiz.de/10011517928

Employment, hours and optimal monetary policy

Dossche, Maarten; Lewis, Vivien; Poilly, Céline - 2015

We characterize optimal monetary policy in a New Keynesian search-and-matching model where multiple-worker firms satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions reduce steady state hours per worker below the efficient...

Persistent link: https://www.econbiz.de/10010471629

The global credit boom : challenges for macroeconomics and policy

Hume, Michael; Sentance, Andrew - 2009

The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find that the boom was unusually long and associated with...

Persistent link: https://www.econbiz.de/10003843801

Labor adjustment and productivity in the OECD

Dossche, Maarten; Gazzani, Andrea; Lewis, Vivien - 2021

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in our model with variable effort, greater labor market...

Persistent link: https://www.econbiz.de/10012589397

Economic theories and macroeconomic reality

Loria, Francesca; Matthes, Christian; Wang, Mu-Chun - 2021

Economic theories are often encoded in equilibrium models that cannot be directly estimated because they lack features that, while inessential to the theoretical mechanism that is central to the specific theory, would be essential to fit the data well. We propose an econometric approach that...

Persistent link: https://www.econbiz.de/10012792815

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