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wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects … of the introduction and subsequent uprating of the minimum wage on the prices of UK goods and services, comparing the … prices of goods produced by industries in which UK minimum wage workers make up a substantial share of total costs with the …
Persistent link: https://www.econbiz.de/10010271255
This paper analyzes the effects of a ban on smoking in public places upon firms and consumers. It presents a theoretical model and tests its predictions using unique data from before and after the introduction of smoking bans in the UK. Cigarette smoke is a public bad, and smokers and...
Persistent link: https://www.econbiz.de/10010275857
In the canonical monetary policy model, money is endogenous to the optimal path for interest rates and output. But when liquidity provision by banks dominates the demand for transactions money from the real economy, money is likely to contain information for future output and inflation because...
Persistent link: https://www.econbiz.de/10010277853
Through panel estimates using OECD country-industry statistics, this paper aims to clarify the determinants of rent creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is carried out in two steps. The first explains the rent...
Persistent link: https://www.econbiz.de/10010282589
food demand in relation to food prices over time using data from the British National Food Survey (NFS) covering the period … energy from carbohydrate have been explored deriving nutrients elasticities with respect to variation of food prices. …
Persistent link: https://www.econbiz.de/10010251127
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goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price … adjustment. We document that although online prices are more flexible than offline prices, they nevertheless exhibit relatively …
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