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Price setting and price adjustment in some European Union countries: Introduction to the special issue
Levy, Daniel; Smets, Frank - 2010
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …
Persistent link: https://www.econbiz.de/10010336066
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Bargaining and Strategic Discrimination
Björnerstedt, Jonas; Westermark, Andreas - 2006
In bargaining between two sellers and one buyer on prices and quantities, strategic inefficiencies arise. By reallocating between the last agreement and the first, the buyer can increase it's share of the surplus. With symmetric sellers producing substitutes, the quantities in the first...
Persistent link: https://www.econbiz.de/10010321645
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Driving to drink: Tax avoidance along the Washington-Oregon border
LoPiccalo, K. - 2016
This paper uses store-level data on consumer liquor revenues and volume sales in Oregon to estimate the effect of state tax differentials on consumer demand. Liquor privatization in Washington led to higher prices from new taxes. I calculate the impact of tax incidence on tax avoidance using...
Persistent link: https://www.econbiz.de/10011564645
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Pricing better
Ray, Sourav; Wang, Li; Levy, Daniel; Bergen, Mark - 2019
Electronic shelf label (ESL) is an emerging price display technology around the world. While these new technologies … in material, labor and managerial costs. The presumed benefits of ESL, for example, tend to be focused around lower price … adjustment costs (PAC), also known as menu costs. However, ESL not only can save PAC but may also enable the retailer to price …
Persistent link: https://www.econbiz.de/10012387264
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"The Real Thing:" Nominal Price Rigidity of the Nickel Coke, 1886-1959
Levy, Daniel; Young, Andrew T. - 2004
We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity … regulatory interventions and lawsuits, which led to substantial changes in the Coca-Cola market conditions. The nickel price of … Company and its parent bottlers that encouraged retail price maintenance, (2) a single-coin vending machine technology, which …
Persistent link: https://www.econbiz.de/10013204741
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Joint inference and counterfactual experimentation for impulse response functions by local projections
Jordà, Òscar - 2007
This paper provides three measures of the uncertainty associated to an impulse response path: (1) conditional confidence bands which isolate the uncertainty of individual response coefficients given the temporal path experienced up to that point; (2) response percentile bounds} which provide...
Persistent link: https://www.econbiz.de/10010274338
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Trust among the avatars: A virtual world experiment, with and without textual and visual cues
Atlas, Stephen; Putterman, Louis - 2010
We invited residents of a virtual world who vary in real-world age and occupation to play a trust game with stakes comparable to in world wages. In different treatments, the lab wall was adorned with an emotively suggestive photograph, a suggestive text was added to the instructions, or both a...
Persistent link: https://www.econbiz.de/10010287726
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Regulated and Non-Regulated Companies, Technology Adoptionin Experimental Markets for Emission Permits, and OptionsContracts
Chesney, Marc; Taschini, Luca - Institut für Schweizerisches Bankwesen <Zürich> - 2011
.The second experiment shows that the presence of non-regulated companies addsliquidity to the market and does not increase price …
Persistent link: https://www.econbiz.de/10009305252
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On Watson's non-forcing contracts and renegotiation
Serrano, Roberto - 2004
Watson (2002) proposes non-forcing contracts as a way to show the limitations of the mechanism design program with ex-post renegotiation (Maskin and Moore (1999)). If one takes a partial implementation approach, as Watson does, we show that non-forcing contracts do not constitute an intermediate...
Persistent link: https://www.econbiz.de/10010318862
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Cores of combined games
Bloch, Francis; De Clippel, Geoffroy - 2008
This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of balanced transferable utility games can be partitioned into equivalence classes of component games to determine whether the core of the combined game coincides with the sum of...
Persistent link: https://www.econbiz.de/10010284063