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Buying frenzies in durable-goods markets
Liu, Ting; Schiraldi, Pasquale - 2012
Persistent link: https://www.econbiz.de/10009784287
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Optimal sin taxation and market power
O'Connell, Martin; Smith, Kate - 2021
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
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What drives wage stagnation : monopsony or monopoly?
Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022
own workers to pay lower wages; and 2. Monopoly, where dominant firms charge too high prices for what they sell, which … Census Bureau between 1997 and 2016, we find evidence of both monopoly and monopsony, where the former is rising over this … period and the latter is stable. Both contribute to the decoupling of productivity and wage growth, with monopoly being the …
Persistent link: https://www.econbiz.de/10013466317
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General equilibrium, welfare and policy when firms have market power
Moreno, Diego; Petrakēs, Emmanuēl - 2024
Persistent link: https://www.econbiz.de/10014517269
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Platform annexation
Athey, Susan; Scott Morton, Fiona - 2021
Persistent link: https://www.econbiz.de/10012505798
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A generalized endogenous grid method for non-concave problems
Fella, Giulio - 2011
This paper extends Carroll's (2006) endogenous grid method and its combination with value function iteration by Barillas and Fernández-Villaverde (2007) to non-concave problems. The method is illustrated using a consumer problem in which consumers choose both durable and non-durable...
Persistent link: https://www.econbiz.de/10008990062
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Durable good inventories and the volatility of production : explaining the less volatile U.S. economy
Wen, Yi (contributor) - 2005
"This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to scrutinize some popular conjectures regarding the...
Persistent link: https://www.econbiz.de/10002956727
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Production and inventory behavior of capital
Wen, Yi (contributor) - 2005
"This paper provides a dynamic optimization model of durable good inventories to study the interactions between investment demand and production of capital goods. There are three major findings: First, capital suppliers' inventory behavior makes investment demand more volatile in equilibrium;...
Persistent link: https://www.econbiz.de/10002977386
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The impact on market outcomes of the portfolio selection of large equity investors
Moreno, Diego; Petrakēs, Emmanuēl - 2021
Persistent link: https://www.econbiz.de/10013259971
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Asset bubbles and product market competition
Queirós, Francisco - 2021
Persistent link: https://www.econbiz.de/10012502161