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Persistent link: https://www.econbiz.de/10011443050
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...
Persistent link: https://www.econbiz.de/10011391687
retailing sectors, electronics (price competition), books (no price competition), and food (no online sales), to identify the …
Persistent link: https://www.econbiz.de/10008823169
Do we have effective competition between the gasoline's big five oligopolists (Aral, Shell, Esso, Total and Jet) and fringe gasoline stations? Using 2014 Market Transparency price data from 66 cities with populations between 60,000 and 100,000, we analyze which brands lead price increases, the...
Persistent link: https://www.econbiz.de/10011487769
We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We formulate a tractable model of oligopolistic competition and sticky prices and derive closed-form expressions for the pass-through of idiosyncratic and common cost shocks to firms' prices....
Persistent link: https://www.econbiz.de/10014562948
Exploiting exogenous variation in retail fuel prices from a temporary fuel tax discount in Germany, we estimate how the pass-through of the discount varies over space and time. We draw on daily gasoline prices of virtually all gas stations in Germany and neighboring France, with France serving...
Persistent link: https://www.econbiz.de/10014582299
I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during … market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover …, product market deregulation also matters in particular in countries that adopted an inflation targeting regime. I propose a …
Persistent link: https://www.econbiz.de/10009427173
in retailing and leads to a consolidation in this industry. As a consequence, surviving retailers have larger catchment … areas and consumers have to travel longer distances for their errands. These adjustments in retailing create a trade … ; retailing ; diversity ; accessibility ; retail deserts …
Persistent link: https://www.econbiz.de/10003525568
We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have...
Persistent link: https://www.econbiz.de/10011553026
Persistent link: https://www.econbiz.de/10000996985