[...]The branch prices we study are less limited. Increasingly,banks are entering new markets by buying one or morebranches from other banks (Benz 1998). The price of a givenbranch should depend on the branch’s expected profits, andexpected profits, in turn, depend on competition. All...

[...]In this article, we demonstrate how such industry-specific realexchange rates can be constructed and present the recent pathsof these indexes. We next present three basic real exchange ratemeasures for each industry: one using export partner weightsonly, a second using import partner...

This paper presents a two-country dynamic general equilibrium model with imperfectcompetition and nominal price rigidities in which productivity shocks coexist withmarkup shocks. After analyzing the features of the optimal cooperative solution, we showthat this allocation can be implemented in a...

We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between 1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially larger price increases than mergerrelated exits. Within...

Based on the recent trade models of the Heterogeneous Firms Trade (HFT) model and the Quality Heterogeneous Firms Trade (QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find a high proportions of quality-competition goods for...

Das von der Deutschen Bundestiftung Umwelt (DBU) geförderte Forschungsprojekt 'SIEGER' ist ein wichtiger Baustein für Überlegungen und Analysen zum Nutzen und zur Qualitätssicherung von hochwertigen Umwelt- und Nachhaltigkeitswettbewerben. Es stellt die Möglichkeiten der konzeptionellen und...

This study examines whether people optimally respond to prize incentives for risk taking in tournaments. I exploit the television game show World Poker Tour as a natural experiment. The results show that professional players strategically choose the degree of risk taking depending on the...

Die starken Preissteigerungen für Benzin in den letzten 2 Jahren sind häufig auf mangelnden Wettbewerb zurückgeführt worden. Die These wird überprüft, indem die Wettbewerbsstruktur bei Tankstellen und deren Vorleistungsbeziehungen dargestellt werden und ökonometrische Schätzungen über...

This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response...

Die Preise für wissenschaftliche, technische und medizinische (WTM) Fachzeitschriften sind in den letzten 20 Jahren dramatisch gestiegen. Die unterschiedlichen Preisentwicklungen zwischen kommerziellen und nichtkommerziellen Verlagen ist dabei nicht durch unterschiedliche Kostenentwicklungen zu...