estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

In the empirical literature, only few studies have focused on the relationship between oil prices and stock markets in … critical values to study the sensitivity of stock markets to oil prices in GCC (Gulf Corporation Council) countries. Using two … in oil prices, whereas investors in oil markets should look at changes in the Saudi stock market. -- GCC stock markets …