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Eshaghnia, Sadegh S. M.; Heckman, James J.; Razavi, Goya - 2023

Education in Denmark is freely available. Despite near equal teacher salaries and per-pupil school expenditure across districts, there is substantial spatial heterogeneity in school quality as measured by teacher quality and student test scores. We argue that this is due to sorting of teachers...

Persistent link: https://www.econbiz.de/10014347799

Competing with Asking Prices

Lester, Benjamin R. - 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/10013087422

How Do Drug Prices Respond to a Change from External to Internal Reference Pricing? Evidence from a Danish Regulatory Reform

Kaiser, Ulrich - 2015

We study the effects of a change in the way patient reimbursements are calculated on the prices of pharmaceuticals using quasi-experimental data for Denmark which switched from external (where reimbursements are based on prices of similar products in foreign countries) to internal reference...

Persistent link: https://www.econbiz.de/10013029645

The Good, the Bad and the Naive : Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?

Dulleck, Uwe - 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/10013107208

Inflation Expectations and Firm Decisions : New Causal Evidence

Coibion, Olivier - 2019

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/10012894535

Joint Estimation of Price-Cost Margins and Union Bargaining Power for Belgian Manufacturing

Dobbelaere, Sabien - 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/10012785138

Quality and Price Setting of High-Tech Goods

Gorodnichenko, Yuriy; Talavera, Oleksandr; Vu, Nam - 2021

This paper investigates the link between product quality and price setting for central processing units (CPUs). Using thousands of price quotes from a popular price-comparison website, we find that market fundamentals, such as the number of sellers, median price, share of convenient prices and...

Persistent link: https://www.econbiz.de/10013250249

The Demand for Mobility : Evidence from an Experiment with Uber Riders

Christensen, Peter; Osman, Adam - 2021

Changes in transport costs can affect mobility in ways that differ across the population, affecting the impacts of transport policies. We randomly assign large price reductions on Uber in Egypt over a 3-month period and collect comprehensive data on participant mobility using Google Timeline. A...

Persistent link: https://www.econbiz.de/10013240288

A Theory of Price Adjustment Under Loss Aversion

Ahrens, Steffen - 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/10013054582

Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10013118774

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