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In this paper we propose a novel method for the price-cost markup estimation and study the relationship between export … intensity and the markup. We impose much less restrictive identifying assumptions on technology and adjustment frictions … markup. Furthermore, as we are using data on a quarterly frequency, we are able to provide novel results on the dynamic …
Persistent link: https://www.econbiz.de/10011522337
Dynamic pricing is increasingly popular in the perishable good markets, but its effect under competition is uncertain due to the potential for the prisoner's dilemma. I study profit and welfare implications of dynamic pricing techniques in a competitive setting. I construct a structural dynamic...
Persistent link: https://www.econbiz.de/10012898558
A methodology is proposed to estimate structural models of product line competition. This methodology enables researchers to estimate demand systems accounting for the endogeneity of the mix of products available in each market, an issue which is typically ignored in the empirical literature. In...
Persistent link: https://www.econbiz.de/10013028801
protection. The results show that protection levels were high when nominal tariffs are used as the basis of measurement …
Persistent link: https://www.econbiz.de/10014075081
In a world with increasingly integrated global supply chains, trade policy targeting upstream products has unintended … barriers of the US using its detailed input-output tables. As predicted by the theory, we find that measures on imported inputs …
Persistent link: https://www.econbiz.de/10011539982
This paper analyzed how the main economies have used the antidumping measures (AD) after the Uruguay round, between …
Persistent link: https://www.econbiz.de/10011865556
in a given sector is affected by past reductions in applied tariffs. Employing an identification strategy based on 'new … measures', we find evidence of a substitution of non-tariff measures for tariffs both in the sample of TBT and in the sample of …. These results are consistent with our theoretical model, which predicts policy substitution between tariffs and standards in …
Persistent link: https://www.econbiz.de/10010419803
Economic theory suggests that countries’ tariff commitments in trade agreements reflect their import market power at …-Uruguay Round applied tariffs and relying on the theoretical framework of the terms-of-trade motive for trade agreements, we …
Persistent link: https://www.econbiz.de/10014262982
A large body of research has established that exporters do not fully adjust their prices across countries in response to exchange rate movements, but instead allow their markups to vary. But while markups are difficult to observe directly, we show in this paper that inventory-sales ratios...
Persistent link: https://www.econbiz.de/10013096815
A large body of research has established that exporters do not fully adjust their prices across countries in response to exchange rate movements, but instead allow their markups to vary. But while markups are difficult to observe directly, we show in this paper that inventory-sales ratios...
Persistent link: https://www.econbiz.de/10010219709