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generalized "clearinghouse" sales framework. Our framework permits multiple dimensions of firm heterogeneity, and views firms as …To provide a more exible workhorse model of temporary price reductions or "sales", this paper presents a substantially … into the number and type of firms that use sales, and iv) extends a "cleaning" procedure that is commonly used in empirical …
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A notable feature of most markets is that firms are multiproduct, in the sense that they offer for sale more than one single type of good. In this paper, I discuss a recent paper, Kaplan et al. (2016), that explores both empirically and theoretically price dispersion in a multiproduct setting. I...
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We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent providers can price discriminate between searching and...
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