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to re-examine the relationship between price dispersion and inflation. Although existing evidence is mixed, we find …-specific inflation on the other. We also find evidence that dispersion is initially decreasing in anticipated aggregate inflation but is …
Persistent link: https://www.econbiz.de/10014054982
of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …
Persistent link: https://www.econbiz.de/10010322329
of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …
Persistent link: https://www.econbiz.de/10003790192
of pricing behavior. The effect of market structure on persistence of inflation results from two conflicting forces … the frequency of price changes depends negatively on the price dispersion and positively on the product-specific inflation …
Persistent link: https://www.econbiz.de/10014212310
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …
Persistent link: https://www.econbiz.de/10010280812
This paper investigated the structure of the market, efficiency and performance (profitability) of the general insurance industry in the Ghanaian economy. The overriding objective was to evaluate the impact that regulatory informed market structure would have on the pricing behaviour; examining...
Persistent link: https://www.econbiz.de/10013460036
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …
Persistent link: https://www.econbiz.de/10009489291
determination of inflation dynamics. The model is characterized by local interactions of heterogeneous firms and households in the … relative prices but also on firm size. We show that our model is able to generate realistic inflation dynamics, as well as a … inflation stemming from a tight labor market only holds when markets are competitive and efficient. Finally, we study the …
Persistent link: https://www.econbiz.de/10014531949
We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...
Persistent link: https://www.econbiz.de/10009714472
Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the 1996 -...
Persistent link: https://www.econbiz.de/10010418254