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concentration indexes for 4-digit manufacturing sectors. We find both significant markups and significant concentration across most … sectors. We compare computed markups and concentration with early estimates in South Africa and with other international … benchmark countries. We then examine the market structure based on the concentration, firms' size, and entry and exit dynamics …
Persistent link: https://www.econbiz.de/10011458072
industrial concentration and innovation. The industries having great capital intensity, small employment of labor, and with high … price-cost margins tend to be more concentrated. Cross-section estimates reveal a U-shaped mapping from concentration to …
Persistent link: https://www.econbiz.de/10003921747
industrial concentration and innovation. The industries having great capital intensity, small employment of labor, and with high … price-cost margins tend to be more concentrated. Cross-section estimates reveal a U-shaped mapping from concentration to …
Persistent link: https://www.econbiz.de/10013159744
The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...
Persistent link: https://www.econbiz.de/10003763020
We analyze the strategic behavior of firms when demand is determined by a rule of thumb behavior of consumers. We assume consumer dynamics where individual consumers follow simple behavioral decision rules governed by imitation and habit as suggested in consumer research. On this basis, we...
Persistent link: https://www.econbiz.de/10003850650
concentration. We also find that structural factors of a distribution channel are significantly correlated with rigidity in retail …
Persistent link: https://www.econbiz.de/10009532848
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
This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer prices. First, we find that both domestic and...
Persistent link: https://www.econbiz.de/10009565858
We test the effect of entry on the tariff choices of incumbent cellular firms. We relate the change in the breadth of calling plans between 1996, when incumbents enjoyed a duopoly market, and 1998, when incumbents faced increased competition from personal communications services (PCS) firms....
Persistent link: https://www.econbiz.de/10013106726