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almost all these papers ignore the bias in the estimated standard errors that serial correlation introduces. This is …
Persistent link: https://www.econbiz.de/10001620672
.6% increase in consumer demand attributable to the employment of a group buying mechanism. Through counterfactual analysis, we …
Persistent link: https://www.econbiz.de/10014032962
We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices … and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than … dispersion. Demand shocks explain most of the variation in sales dispersion. In a heterogeneousfirm model matching the micro …
Persistent link: https://www.econbiz.de/10013256973
We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more … on sales dispersion. Demand shocks explain most of the variation in sales dispersion. In a heterogeneous-firm model …
Persistent link: https://www.econbiz.de/10013488861
For information/digital products, the used goods market has been viewed as a threat by producers. However, it is not clear if this view is justified because the used goods market also provides owners with an opportunity to sell their products. To investigate the impact of the used goods market...
Persistent link: https://www.econbiz.de/10012245077
We study the pricing decision of firms in the presence of consumer inertia. Inertia can arise from habit formation, brand loyalty, switching costs, or search, and it has important implications for the interpretation of equilibrium outcomes and counterfactual analysis. In particular, consumer...
Persistent link: https://www.econbiz.de/10012064884
choice model to abstract rich demand patterns and an estimation algorithm that addresses the endogeneity and collinearity of …
Persistent link: https://www.econbiz.de/10012850355
In many markets supply contracts include a series of small, regular payments made by consumers and a single, large bonus that consumers receive at some point during the contractual period. But, if for instance its production costs exceed its value to consumers, such a bonus creates...
Persistent link: https://www.econbiz.de/10012890631
Persistent link: https://www.econbiz.de/10013328102
This is an exposition of the BLP method of structural demand estimation using the random-coefficients logit model …
Persistent link: https://www.econbiz.de/10012752331