Narrow search
Showing 1 - 10 of 573
Cover Image
Price Rigidity and Flexibility: New Empirical Evidence
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
Cover Image
Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue
Levy, Daniel; Smets, Frank - Volkswirtschaftliche Fakultät, … - 2010
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank’s Inflation Persistence Network.
Persistent link: https://www.econbiz.de/10008777363
Cover Image
Variable labor effort, involuntary unemployment, and effective demand
Mason, Patrick L. - Volkswirtschaftliche Fakultät, … - 1993
The paper theoretically examines the relationship between variable labor effort (also labeled efficiency wages), effective demand, and involuntary unemployment.
Persistent link: https://www.econbiz.de/10005619911
Cover Image
Resource Return on Investment under Markup Pricing
Kemp-Benedict, Eric - Volkswirtschaftliche Fakultät, … - 2013
In the (very) long run, a sustainable economy must rely on renewable resources. Until that time, an economy can be based on either renewable resources alone or a mix of renewable and non-renewable resources, but the particular mix may constrain the types of economic structures that are possible....
Persistent link: https://www.econbiz.de/10011257767
Cover Image
Lower bounds of concentration in a small open economy
Ilmakunnas, Pekka - Volkswirtschaftliche Fakultät, … - 2006
We examine how Sutton’s “bounds” approach works in a small country where industries have relatively high export and import intensities. Import competition is used as an indicator for the degree of competition in the low sunk cost industries. The bounds are estimated as stochastic...
Persistent link: https://www.econbiz.de/10005836052
Cover Image
Price Rigidity and Flexibility: Recent Theoretical Developments
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10005836108
Cover Image
Holiday Price Rigidity and Cost of Price Adjustment
Levy, Daniel; Müller, Georg; Chen, Haipeng; Bergen, Mark; … - Volkswirtschaftliche Fakultät, … - 2008
The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers’ questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...
Persistent link: https://www.econbiz.de/10005616644
Cover Image
Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," by Fabiani, S., et al. (2004)
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2004
Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence" by S. Fabiani, M. Druant, I …
Persistent link: https://www.econbiz.de/10005789749
Cover Image
The Real Thing: Nominal Price Rigidity of the Nickel Coke, 1886–1959
Levy, Daniel; Young, Andrew - Volkswirtschaftliche Fakultät, … - 2004
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...
Persistent link: https://www.econbiz.de/10005789801
Cover Image
Innovation, exports and technical efficiency in Spain
Diaz-Mayans, M. Angeles; Sánchez, Rosario; R - Volkswirtschaftliche Fakultät, … - 2014
productivity as industrial sector, or firms’ financial conditions. We use a micro panel data set of Spanish manufacturing firms …This paper analyses the relationship between exports, innovative activities and size and their effect over firms … Empresariales, ESEE), collected by Fundación SEPI. Our results show that exporting firms are more efficient than non-exporting firms …
Persistent link: https://www.econbiz.de/10011109017