demand, the size of the price change, and the degree of frictions. The degree of frictions is measured by the utility losses …

that, after monetary policy announcements, the conditional volatility rises more for firms with stickier prices than for …

We analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel …

than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …

demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product … availability every four hours. The data allow us to account for product availability when estimating demand, and provides a … availability even when availability is only observed periodically. We find significant differences in demand estimates, with the …

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find … of capacity is high enough, holding current demand constant, prices in the boom will be generally lower than the prices …