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Most of the literature on retail fuel markets find high-frequency and asymmetric price cycles. This is typically … explained by the model of Edgeworth price cycles. A key element of this model is that prices fall to marginal costs during a …
Persistent link: https://www.econbiz.de/10011992354
digital goods and services in the consumer price index (CPI) basket. Then we discuss indirect channels related to automation … and cost reduction as well as competition and markup. We also review the rise of e-commerce and how it can affect price …
Persistent link: https://www.econbiz.de/10014392978
The use of traditional industry-level profitability indicators for assessing the state of competition is problematic … profitability in opposite directions. In this analysis both problems are avoided by using firm-level Financial Statement Statistics … sources of industry-level profitability changes have been examined over a long-run period. The findings provide support to the …
Persistent link: https://www.econbiz.de/10003763020
. Price impacts of trading from block trades, from herding or from other sources, are considered in Section 6. Issues in the …
Persistent link: https://www.econbiz.de/10014023867
This paper measures market power in a decentralized market where contracts are determined through a search and negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts, negotiable rates, and, for a given consumer, common...
Persistent link: https://www.econbiz.de/10009627564
Whether concentrated banking industries allow banks to exercise monopoly power through anticipative pricing is a pertinent question from the perspective of anti-trust policies. We explore this question in context of banking industry in Pakistan. We assess the pricing behavior of banks through...
Persistent link: https://www.econbiz.de/10014239489
We study how bankers can elicit lower capital requirements via lobbying: Bankers pledge to politicians a lobbying rate as a fraction of bank revenues, thus relating politicians' welfare to the size of banks. This induces politicians to lower capital requirements, which causes high leverage...
Persistent link: https://www.econbiz.de/10012850408
Persistent link: https://www.econbiz.de/10010243189
Persistent link: https://www.econbiz.de/10012793050
Recently released data show downward trends for both the firm entry rate and the rate of new entrepreneurship since the early 1980s in Canada. This paper documents these trends and discusses potential explanations. A shift-share analysis suggests that changes to Canada's industrial and...
Persistent link: https://www.econbiz.de/10011350476