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Fernandes, Ana Margarida - 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/10012480847

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/10012459908

Workplace Knowledge Flows

Sandvik, Jason - 2020

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/10012479184

Indivisibilities in Distribution

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/10012453191

A Model of Influencer Economy

Cong, Lin William; Li, Siguang - National Bureau of Economic Research - 2023

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who care about both common product quality and consumer-influencer interaction. Sellers thus compete in both influencer and product markets. As outreach and...

Persistent link: https://www.econbiz.de/10014287344

The Modern Wholesaler : Global Sourcing, Domestic Distribution, and Scale Economies

Ganapati, Sharat - National Bureau of Economic Research - 2024

Nearly half of all transactions in the $5 trillion market for manufactured goods in the United States were intermediated by wholesalers in 2012, up from 32 percent in 1992. Seventy percent of this increase is due to the growth of "superstar" firms - the largest one percent of wholesalers....

Persistent link: https://www.econbiz.de/10014468236

The Deposit Business at Large vs. Small Banks

Avernas, Adrien d'; Eisfeldt, Andrea L.; Huang, Can; … - National Bureau of Economic Research - 2023

The deposit business differs at large versus small banks. We provide a parsimonious model and extensive empirical evidence supporting the idea that much of the variation in deposit-pricing behavior between large and small banks reflects differences in "preferences and technologies." Large banks...

Persistent link: https://www.econbiz.de/10014436996

Large Shocks Travel Fast

Cavallo, Alberto; Lippi, Francesco; Miyahara, Ken - National Bureau of Economic Research - 2023

We leverage the inflation upswing of 2022 and various granular datasets to identify robust price-setting patterns following a large supply shock. We show that the frequency of price changes increases dramatically after a large shock. We set up a parsimonious New Keynesian model and calibrate it...

Persistent link: https://www.econbiz.de/10014372416

Input Price Dispersion Across Buyers and Misallocation

Burstein, Ariel T.; Cravino, Javier; Rojas, Marco - National Bureau of Economic Research - 2024

We leverage a comprehensive dataset of electronic invoices from Chilean firms to document new facts on price dispersion across buyers of manufactured intermediate goods. Over half of firm-to-firm manufacturing sales are accounted for by products that are purchased by more than one buyer in the...

Persistent link: https://www.econbiz.de/10015145079

Nonlinear Pricing and Misallocation

Bornstein, Gideon; Peter, Alessandra - National Bureau of Economic Research - 2024

This paper studies the effect of nonlinear pricing on markups and misallocation. We develop a general equilibrium model of firms that are allowed to set a quantity-dependent pricing schedule--contrary to the typical assumption in macroeconomic models. Without the restriction to linear pricing,...

Persistent link: https://www.econbiz.de/10015145095