This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data … gap indexes to be attributed to a failure of real wages to respond to the post-1972 productivity growth slowdown is … relatively minor. The paper's analysis of productivity change confirms the real-wage elasticity of labor input emphasized …

We study the effect of releasing public information about productivity or monetary shocks when agents learn from … informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can …

This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert … the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb …-Douglas production function, output price mismeasurement only should affect the latter. Contrary to the mismeasurement hypothesis, I find …

Though built with increasingly precise microfoundations, modern optimizing sticky price models have displayed a chronic … [2000]. This is an ironic finding, since Taylor [1980] and other researchers were motivated to study sticky price models in … standard view of the cyclical behavior of real marginal cost built into current sticky price macro models. Using both a small …

of services or unit price. We compare the treatment of heart attacks and newly diagnosed chest pain in HMOs and … may yield substantial productivity improvements relative to traditional insurance …

-level pollution abatement, coal consumption, and productivity growth. We find that higher coal prices reduced coal use within … establishments, with price elasticities similar to those found in the US. In addition, higher coal prices are associated with lower …

This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity …-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted … all countries could expect sizeable gains in multifactor productivity from deregulation reforms …

The purpose of this paper is to examine the relationship between the price of alcoholic beverages and the incidence of … violence is well documented, as is the negative relationship between the quantity of alcohol consumed and its price. These two … reduced form model is estimated where the probability of being a victim of violent crime is determined by the price of alcohol …

used to model multiple cessation attempts of young adults. The estimates indicate that increases in the price of cigarettes … remain smoke- free after at least one prior cessation attempt. The average price elasticity of cessation is 0.343. In …

a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an … two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby … second is driven by firms pricing to limit non-price competition within their market …