estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

Especially in the short-term, prices in natural gas markets are not exclusively determined by overall supply and demand …, but also by the availability of the transport infrastructure. If transportation capacity is scarce, prices may form in … which also impact prices. Temporal and regional price differences, in turn, determine the value of storage and transport …

goals. The classical ones are entry prices and free entry. The museum club solution or exit donations allow for various … additional goals. Each scheme has clear advantages and disadvantages. We propose an innovative pricing instrument: Exit prices …

correct - theories of value, (3) the prices in the two theories are different both in terms of definitions and values, (4) in …

relative prices (a microeconomic problem), being mainly the theory of money the piece needed for determining the absolute or … monetary level of prices (a macroeconomic problem). But on the one hand, the determination of the level of prices is … of the several factors producing wealth), the determination of prices is independent of demand in the long run. However …