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Holmes, Thomas J. - 2018

This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It uses highly detailed data on imports for which it is possible to observe the contents of individual containers. In the model, a firm is able to adapt to indivisibility...

Persistent link: https://www.econbiz.de/10012920901

The Intensive Margin in Trade

Fernandes, Ana M. - 2018

The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50% of variation in exports is along the extensive...

Persistent link: https://www.econbiz.de/10012908824

Distribution Capital and the Short- and Long-Run Import Demand Elasticity

Crucini, Mario J. - 2013

The elasticity of substitution between home and foreign goods is one of the most important parameters in international … economics. The international macro literature, which is primarily concerned with short-run business cycle fluctuations, assigns … a low value to this parameter. The international trade literature, which is more concerned with long-run changes in …

Persistent link: https://www.econbiz.de/10013087445

Workplace Knowledge Flows

Sandvik, Jason; Saouma, Richard E.; Seegert, Nathan; … - 2022

What prevents the spread of information among coworkers, and which management practices facilitate workplace knowledge flows? We conducted a field experiment in a sales company, addressing these questions with three active treatments. (1) Encouraging workers to talk about their sales techniques...

Persistent link: https://www.econbiz.de/10013322227

Prices and Coupons for Breakfast Cereals

Nevo, Aviv; Wolfram, Catherine D. - 2000

This paper explores the relationship between shelf prices and manufacturers' coupons for 25 ready-to-eat breakfast cereals. Contrary to the predictions of static monopoly price discrimination, we find the shelf prices for a particular brand in a particular city are generally lower during periods...

Persistent link: https://www.econbiz.de/10014201979

Organizational Structure and Pricing : Evidence from a Large U.S. Airline

Hortaçsu, Ali; Natan, Olivia; Parsley, Hayden; … - 2023

Firms facing complex objectives often decompose the problems they face, delegating different parts of the decision to distinct sub-units. Using comprehensive data and internal models from a large U.S. airline, we establish that airline pricing is not well approximated by a model of the firm as a...

Persistent link: https://www.econbiz.de/10014347042

Pricing When Customers Care About Fairness But Misinfer Markups

Eyster, Erik; Madarasz, Kristof; Michaillat, Pascal - 2023

This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of prices: fixing the price of a good, consumers enjoy it...

Persistent link: https://www.econbiz.de/10014347525

Inventories, Markups, and Real Rigidities in Menu Cost Models

Kryvtsov, Oleksiy - 2010

Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output and inflation. We argue here, in the spirit of Bils and Kahn (2000), that the behavior of marginal cost over the cycle is...

Persistent link: https://www.econbiz.de/10012757994

Income Dispersion and Counter-Cyclical Markups

Edmond, Chris - 2010

Recent advances in measuring cyclical changes in the income distribution raise new questions: How might these distributional changes affect the business cycle itself? We show how counter-cyclical income dispersion can generate counter-cyclical markups in the goods market, without any preference...

Persistent link: https://www.econbiz.de/10012758231

Strategic Interaction Among Heterogeneous Price-Setters in an Estimated DSGE Model

Coibion, Olivier - 2010

We consider a DSGE model in which firms follow one of four price-setting regimes: sticky prices, sticky-information, rule-of-thumb, or full-information flexible prices. The parameters of the model, including the fractions of each type of firm, are estimated by matching the moments of the...

Persistent link: https://www.econbiz.de/10012758402

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