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This paper shows that firms spread the adverse impacts of local employment shocks across regions through their internal … establishment-level employment responds strongly to employment shocks in other regions in which the firm has establishments …. Consistent with theory, the elasticity of establishment-level employment with respect to shocks in other regions is increasing …
Persistent link: https://www.econbiz.de/10012455506
The views expressed herein are those of the authors and do not necessarily represent the views of the Federal Reserve Bank of Richmond or the Federal Reserve System. We thank Eric LaRose and Sara Ho for outstanding research assistance.Using U.S. NETS data, we present evidence that the positive...
Persistent link: https://www.econbiz.de/10012480717
.17. The effects are larger for lower-price items and products purchased by low-income households and weaker for high …
Persistent link: https://www.econbiz.de/10012482015
When experience goods compete, consuming one product can be informative about value for similar untried products. We … markets can be profitable in all periods even when selling products that are indistinguishable ex ante …
Persistent link: https://www.econbiz.de/10012496138
Environmental Engel curves (EECs) plot the relationship between households' incomes and the pollution embodied in the … goods and services they consume. They provide a basis for estimating the degree to which observed environmental improvements … pollution. We show that even without changes to production techniques, the pollution necessary to produce the goods and services …
Persistent link: https://www.econbiz.de/10012457752
Ruhl (2013) that much of the growth in trade after trade liberalization is in products that are traded very little or not … at all, we predict that industries with a higher share of exports generated by least traded products will experience more …
Persistent link: https://www.econbiz.de/10012458970
Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare-maximizing tariffs are uniform across sectors. We show that tariff...
Persistent link: https://www.econbiz.de/10013334443
propose estimating nested logit demand models, using household panel data to automate the assignment of products to nests. Our …
Persistent link: https://www.econbiz.de/10014287331
, and markdowns, the ratios of inputs' marginal products to their paid wage in factor markets. In this review, I offer a …
Persistent link: https://www.econbiz.de/10015056198
transition probabilities and approval rates for products that received them. Second, these investments are related to a decrease …
Persistent link: https://www.econbiz.de/10014635666