Showing 1 - 10 of 186
-2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial …-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to "crisis/crises" in … the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly …
Persistent link: https://www.econbiz.de/10012387266
We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language …' studies before 2008. As the crisis unraveled, however, they switched their focus to studying the crisis, its causes, and … crisis is consistent with these conclusions. …
Persistent link: https://www.econbiz.de/10012817863
crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial …-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to “crisis/crises” in … the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly. In …
Persistent link: https://www.econbiz.de/10012840878
crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial …-instability-index. WPs by the Monetary-Economics, Asset-Pricing, and Corporate-Finance program members, hardly refer to “crisis/crises” in … the pre-crisis period. As the crisis develops, however, their study-efforts of crisis-related issues increase rapidly. In …
Persistent link: https://www.econbiz.de/10012166875
We use novel and unique data to study the effect of price changes in the market for luxury and middle class homes. We find that luxury home sales respond less to price changes than the middle-class home sales; in the market for luxury homes, past prices affect current prices; luxury home prices...
Persistent link: https://www.econbiz.de/10011806155
The finding of small price changes in many retail price datasets is often viewed as a puzzle. We show that a possible explanation for the presence of small price changes is related to sales volume, an observation that has been overlooked in the existing literature. Analyzing a large retail...
Persistent link: https://www.econbiz.de/10014487025
We use novel and unique data to study the effect of price changes in the market for luxury and middle class homes. We find that luxury home sales respond less to price changes than the middle-class home sales; in the market for luxury homes, past prices affect current prices; luxury home prices...
Persistent link: https://www.econbiz.de/10012924702
We empirically study the market power of U.S. national brand manufacturers by estimating the size of markups for nationally branded products sold in the U.S. retail grocery industry. We use scanner data from a large Midwestern supermarket chain to compute several different measures of upper and...
Persistent link: https://www.econbiz.de/10014029569
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10005836108