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Market power in outputs and inputs: an empirical application to banking

Adams, Robert M.; Roller, Lars-Hendrik; Sickles, Robin C. - Federal Reserve Board (Board of Governors of the … - 2002

of banking competition and simultaneously estimate bank conduct in output (loan) and input (deposit) markets. Our results … suggest that firms display some degree of non-competitive behavior in both the loan and the deposit markets. Moreover, we find …

Persistent link: https://www.econbiz.de/10005514170

Initial public offerings in hot and cold markets

Helwege, Jean; Liang, Nellie - Federal Reserve Board (Board of Governors of the … - 2003

observed in the market. Many theories predict that hot IPO markets are characterized by clusters of firms in particular …. We compare firms that go public in a number of hot and cold markets during 1975- 2000, examining them at the time of the … narrow set of industries and hot markets for many industries occur at the same time. We also find few distinctions in quality …

Persistent link: https://www.econbiz.de/10005393924

The home market and the pattern of trade: round three

Holmes, Thomas J.; Stevens, John J. - Federal Reserve Board (Board of Governors of the … - 2002

Does national market size matter for industrial structure? Round One (Krugman) answered in the affirmative: Home market effects matter. Round Two (Davis) refuted this, arguing that an assumption of convenience--transport costs only for the differentiated goods--conveniently obtained the result....

Persistent link: https://www.econbiz.de/10005721132

Identifying price discrimination when product menus are endogenous

Cohen, Andrew - Federal Reserve Board (Board of Governors of the … - 2004

product menus and prices. When product menus are endogenous, however, tests for price discrimination may be biased by the fact … that unobservables affecting costs or demand may jointly determine product menus and prices leading one to falsely infer … attributes, product menus, and prices. …

Persistent link: https://www.econbiz.de/10005512978

Sticky prices: new evidence from retail catalogs

Kashyap, Anil K. - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005512983

Staggered price setting and real rigidities

Kiley, Michael T. - Federal Reserve Board (Board of Governors of the … - 1997

This paper emphasizes the notion that model features that contribute to endogenous price rigidity under staggered price setting lower the elasticity of marginal cost with respect to output, and these same model features tend to generate equilibrium indeterminacy, or "sunspot fluctuations", under...

Persistent link: https://www.econbiz.de/10005513007

The long and short of industrial strength pricing

Kan, William; Krieger, Reva; Tinsley, P.A. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005513024

Market structure and the nature of price rigidity: evidence from the market for consumer deposits

Neumark, David; Sharpe, Steven A. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005513035

Underpricing of seasoned issues: the case of U.S. Treasury bills

Spindt, Paul A.; Stolz, Richard W. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005513064

Here's looking at you: modelling and policy use of auction price expectations

Brayton, F.; Kan, W.; Tinsley, P.A.; Muehlen, P. von zur - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005513097