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The idea that market selection promotes survival and expansion of the “fittest” producersis a key principle underlying theories of competition. Yet, despite its intuitive appeal, thehypothesis that companies with superior productivity also exhibit higher growth lacks em-pirical support. One...
Persistent link: https://www.econbiz.de/10012511349
We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...
Persistent link: https://www.econbiz.de/10012919512
of inflation affect inflation responses to monetary policy shocks, in scenarios chosen to capture broadly the conditions … on work by Woodford is used, allowing for positive trend inflation and cyclical variations in competitiveness in a … and cyclical changes in competitiveness on inflation in the short term, in high and low inflation environments. The paper …
Persistent link: https://www.econbiz.de/10014064882
This paper studies the effect of competitive pressures on inflation dynamics. To this end it derives and estimates a … their market power. By taking into account the number of competitors, the pass-through of real marginal cost on inflation is … of real marginal cost on inflation is stronger than that found in the empirical test of the standard model. The estimated …
Persistent link: https://www.econbiz.de/10013128340
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …
Persistent link: https://www.econbiz.de/10011376636
lower price to enhance competition which may benefit both the firms and customers. …
Persistent link: https://www.econbiz.de/10012174895
Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...
Persistent link: https://www.econbiz.de/10013316128
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