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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

The Price of Polarization : Estimating Task Prices Under Routine-Biased Technical Change

Böhm, Michael J. - 2017

The debate about the impact of routine-biased technical change on wages revolves around the question whether occupational or overall wage distributions polarized. This paper instead argues that routine task prices should decline compared to abstract and manual task prices. I propose a new...

Persistent link: https://www.econbiz.de/10012940837

Wages, Hires, and Labor Market Concentration

Marinescu, Ioana Elena - 2020

.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

Persistent link: https://www.econbiz.de/10012833879

Cross-Border Mergers and National Champions in an Integrating Economy

Suedekum, Jens - 2006

We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of trade freeness, (ii) the possibility of rent...

Persistent link: https://www.econbiz.de/10012779641

Mergers and Birth Outcomes : Evidence from Maternity Ward Closures

Avdic, Daniel - 2018

Evidence suggests that hospital mergers can reduce costs but less is known about their effects on patient outcomes. We study how a wave of mergers that led to the shutdown of one third of all Swedish maternity wards affected the health of mothers who gave birth and their newborns. Applying a...

Persistent link: https://www.econbiz.de/10012911187

Minimum Global Tax : Winners and Losers in the Race for Mergers and Acquisitions

Amendolagine, Vito; Bruno, Randolph Luca; Cipollina, Maria - 2023

This study aims to quantify the impact of the global minimum corporate tax rate a pillar of the OECD's reform of international taxation on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...

Persistent link: https://www.econbiz.de/10014354666

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

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

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

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