Showing 31 - 40 of 122,399
The aim of this study is to provide an empirical methodology for the estimation of market power of individual banks …. The new method employs the well-known model of Panzar and Rosse (1987) and proposes its estimation using the local … relaxed, while the method proves successful in providing reasonable estimates of bank-level market power when applied to a …
Persistent link: https://www.econbiz.de/10013404332
We study price dynamics for computer components sold on a price-comparison website. Our fine-grained data — a year of hourly price data for scores of rival retailers — allow us to estimate a dynamic model of competition, backing out structural estimates of managerial frictions. The estimated...
Persistent link: https://www.econbiz.de/10012963386
We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than productivity dispersion in recessions....
Persistent link: https://www.econbiz.de/10013488861
estimation; ecommerce, JEL Codes: L11, C73, D21, L81 …
Persistent link: https://www.econbiz.de/10011689127
We study price dynamics for computer components sold on a price-comparison website. Our fine-grained data - a year of hourly price data for scores of rival retailers - allow us to estimate a dynamic model of competition, backing out structural estimates of managerial frictions. The estimated...
Persistent link: https://www.econbiz.de/10011587545
We construct a dynamic monopolistic competition model with heterogeneous firms to study the links between firms' earnings volatility, the degree of financial constraints that they face, their survival probabilities, and their export market participation decisions. Our model predicts that more...
Persistent link: https://www.econbiz.de/10012728768
In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile prices set higher markups. We use the Bartik shift-share...
Persistent link: https://www.econbiz.de/10012695355
We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...
Persistent link: https://www.econbiz.de/10013256973
Persistent link: https://www.econbiz.de/10001587277
Persistent link: https://www.econbiz.de/10000665638