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firms' market power in explaining inflation, and in favor of the "sellers' inflation" hypothesis (Weber and Wasner (2023 … changes in costs. Using a rich dataset on French manufacturing firms' balance sheets, we first estimate markups at the firm … energy prices, depending on average market power within sectors. We show that, in sectors with higher markups, prices …
Persistent link: https://www.econbiz.de/10014303735
opposite is the case with markups. If they increase in reaction to higher prices, they contribute to further price increases …
Persistent link: https://www.econbiz.de/10014331852
sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further … role in addition to the sector-specific factors, emphasising heterogeneity of inflation dynamics along different dimensions …
Persistent link: https://www.econbiz.de/10010394236
We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade credit. Using a comprehensive Swedish panel dataset on product-level transaction prices and firm-characteristics, we relate trade credit issuance to price setting. In a recession...
Persistent link: https://www.econbiz.de/10011857364
between inflation dynamics and rising market concentration. …
Persistent link: https://www.econbiz.de/10014414283
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How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10011584149
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