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The impact of trade liberalization on firms' product and labor market power

Dobbelaere, Sabien; Wiersma, Quint - 2020

This paper examines the impact of trade liberalization on firms' product and labor market power. We estimate the prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence between these model-consistent measures of product and...

Persistent link: https://www.econbiz.de/10012169328

Competing with asking prices

Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...

Persistent link: https://www.econbiz.de/10009696885

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10010350414

Price and saliency in health care: when can targeted nudges change behaviors?

Walker, Brigham - 2020

This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health services. A large employer e-mailed individually-targeted health education encouraging high-value care to high-risk employees. Weeks before the program launched, a company...

Persistent link: https://www.econbiz.de/10012314696

Do hospitals respond to increasing prices by supplying fewer services?

Salm, Martin; Wübker, Ansgar - 2015

Medical providers often have a significant influence on treatment decisions which they can use in their own financial interest. Classical models of supplier-induced demand predict that medical providers will supply fewer services if they face increasing prices. We test this prediction based on a...

Persistent link: https://www.econbiz.de/10011308552

Pay-what-you-want to support independent information : a field experiment on motivation

Casarico, Alessandra; Tonin, Mirco - 2018

Pay-what-you-want schemes can be a useful tool to finance high quality and independent news media without restricting readership, therefore guaranteeing maximum diffusion. We conduct a field experiment with the Italian information site lavoce.info to explore how to structure a campaign in a way...

Persistent link: https://www.econbiz.de/10011803282

Inflation expectations and firm decisions : new causal evidence

Coibion, Olivier; Gorodnichenko, Yuriy; Ropele, Tiziano - 2018

We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on firms' economic decisions. In the survey, a randomly chosen subset of firms is repeatedly treated with information about recent inflation (or the European Central Bank's inflation...

Persistent link: https://www.econbiz.de/10011958753

On price-setting for identical products in markets without formal trade barriers

Hassink, Wolter H. J.; Schettkat, Ronald - 2001

This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...

Persistent link: https://www.econbiz.de/10011402390

Joint estimation of price-cost margins and union bargaining power for Belgian manufacturing

Dobbelaere, Sabien (contributor) - 2005

This paper extends Hall's (1988) methodology to analyse imperfections in both the product and the labour market for firms in the Belgian manufacturing industry over the period 1988-1995. We investigate the heterogeneity in price-cost mark-up and workers' bargaining power parameters among 18...

Persistent link: https://www.econbiz.de/10002574573

The good, the bad and the naive : do fair prices signal good types or do they induce good behaviour?

Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...

Persistent link: https://www.econbiz.de/10009536497

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