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Does firm exit raise prices?
Suveg, Melinda - 2021
This paper examines how changes in product market concentration, specifically firm exit, affect prices. I develop a model where firms have variable markups to show that the remaining firms increase their markups and prices after their competitors’ exit. The model predictions are tested using...
Persistent link: https://www.econbiz.de/10012660139
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Why don't prices fall in a recession? : financial constraints, investment, and customer Relations
Bucht, Charlotte; Gottfries, Nils; Lundin, Magnus - 2002
We construct a model of a financially constrained firm making pricing and investment decisions. The firm operates in a market where customers respond slowly to price changes and there are implementation lags in investment (time to build). Our model implies that the markup over marginal cost is...
Persistent link: https://www.econbiz.de/10011589258
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The nonlinearity of the new Keynesian Phillips Curve : the case of Tunisia
Kobbi, Imen; Gabsi, Foued Badr - In: Economies : open access journal 5 (2017) 3, pp. 1-12
This article seeks to check the nonlinearity of the Phillips curve in Tunisia for the 1993–2012 period, relying on a hybrid new Keynesian Phillips curve modeled via a Logistic Smooth Transition Regression (LSTR) model with endogenous variables. We estimate this model using the nonlinear...
Persistent link: https://www.econbiz.de/10011754075
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Optimal trend inflation
Adam, Klaus; Weber, Henning - 2017
We present a sticky-price model incorporating heterogeneous Firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...
Persistent link: https://www.econbiz.de/10011755763
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Optimal trend inflation
Adam, Klaus; Weber, Henning - 2017
We present a sticky-price model incorporating heterogeneous firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...
Persistent link: https://www.econbiz.de/10011712837
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Optimal trend inflation
Adam, Klaus; Weber, Henning - 2018
Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically different predictions for the optimal inflation rate than their popular homogenous-firm counterparts: (1) the optimal steady-state inflation rate generically differs from zero and...
Persistent link: https://www.econbiz.de/10011845313
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Why are prices sticky? : evidence from business survey data
Schenkelberg, Heike - 2011 - Current version: February 22, 2011
relating the probability of price adjustment and price updating, respectively, to both time- and state- dependent variables … well as firm-specific factors are significantly related to the timing of price adjustment. These findings imply that price … setting models should endogenize the timing of price adjustment in order to generate realistic predictions concerning the …
Persistent link: https://www.econbiz.de/10008858143
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Selection effects in producer-price setting
Carlsson, Mikael - 2014
We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical Menu-Cost model, we find very weak, if any, micro-level selection effects...
Persistent link: https://www.econbiz.de/10010437793
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Selection effects in producer-price setting
Carlsson, Mikael - 2014
We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical menu-cost model, we find very weak, if any, micro-level selection effects...
Persistent link: https://www.econbiz.de/10010399801
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Retail and wholesale gasoline price adjustments in response to oil price changes
Bumpass, Donald Lynn; Ginn, Vance; Tuttle, Markland H. - In: Energy economics 52 (2015) 1, pp. 49-54
Persistent link: https://www.econbiz.de/10011568085