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...

We review the Economics literature on newspapers and magazines. Our emphasis is on the newspaper industry, especially in the United States, given that this has been the focus of existing research. We first discuss the structure of print media markets, describing the rise in the number of daily...

Sellers and buyers have trading alternatives on platforms, which I classify into posted prices and auctions. I shed light on buyer competition in these two selling formats by employing a model in which sellers and buyers simultaneously and endogenously decide which platform to enter for trading....

Price control for consumer goods typically would result in poor quality products at a low price or acceptable products sold at an elevated price. Auction theory posits that the market price discovery mechanism depends on perfect competition where for each good, supply meets demand and the price...