Showing 1 - 10 of 8,199
(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …
Persistent link: https://www.econbiz.de/10012758414
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical … estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical … identification strategy to estimate the elasticities of a firm's price response to both its own cost shocks and to the price changes …
Persistent link: https://www.econbiz.de/10012995977
a route averages thirty-six percent of the airline's average ticket price on the route. The pattern of price dispersion … airlines. We argue that the data support an explanation based on theories of price discrimination in monopolistically …
Persistent link: https://www.econbiz.de/10013229357
This paper examines the relationship between price growth and skill intensity across 150 manufacturing industries … between 1989 and 1995. There are two main findings. First, wage growth and intermediate goods price increases are passed …-Samuelson theory of expanded trade with countries that are abundant in less-skilled workers, as well as with some models of …
Persistent link: https://www.econbiz.de/10013213070
We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier … to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly …
Persistent link: https://www.econbiz.de/10013226560
We study industries where the price that a firm sets serves as an investment into lower cost or higher demand. We … assess the welfare implications of the ensuing competition for the market using analytical and numerical approaches to … compare the equilibria of a learning-by-doing model to the first-best planner solution. We show that dynamic competition leads …
Persistent link: https://www.econbiz.de/10012947634
of price increases and output declines and sample selection on survival produce a 4.8 percent estimated decline in TFP …
Persistent link: https://www.econbiz.de/10013065447
appreciation of the relative price of nontradables, and a decrease in employment in all sectors of the domestic economy. The same … setting process in the labor market. We then estimate the effects of labor taxation on unit labor costs and the relative price …
Persistent link: https://www.econbiz.de/10013138851
host-country research and development effort in response to foreign competition, is one of three examining the impact of …
Persistent link: https://www.econbiz.de/10013224894
Firm numbers first rise, and then fall as the typical industry evolves. This nonmonotonicity in the number of producers is explained in this paper using a competitive model in which innovation opportunities induce firms to enter, but in which a firm's failure to implement new technology causes...
Persistent link: https://www.econbiz.de/10013246380