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We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
Persistent link: https://www.econbiz.de/10012007152
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
Persistent link: https://www.econbiz.de/10012849135
firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …
Persistent link: https://www.econbiz.de/10009672241
investigated with productivity levels as a proxy for technological performance and productivity changes as proxy for innovative …
Persistent link: https://www.econbiz.de/10012709236
Positive assortative matching implies that high productivity workers and firms match together. However, there is almost …. This could be the result of a bias caused by standard estimation error. Using German social security records we show that … the effect of this bias is substantial in samples with limited inter-firm movement. The correlation between worker and …
Persistent link: https://www.econbiz.de/10009550579
Persistent link: https://www.econbiz.de/10001975647
firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect. Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and Ma …
Persistent link: https://www.econbiz.de/10010294493
We consider two semiparametric models for the weight function in a bias sample model. The object of our interest …
Persistent link: https://www.econbiz.de/10003633700
Persistent link: https://www.econbiz.de/10003468620
Persistent link: https://www.econbiz.de/10003525363