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Did US Safeguard Protection on Steel Affect Market Power of European Steel Producers?

Vandenbussche, Hylke; Zarnic, Ziga - 2006

This paper empirically investigates the effects of US safeguard protection on steel imports in 2002 on the mark-ups of …

Persistent link: https://www.econbiz.de/10010313253

Income Inequality and Export Prices across Countries

Flach, Lisandra; Janeba, Eckhard - 2013

This paper provides first firm-level evidence of the links between income inequality and the patterns of trade and export prices. We identify a theoretical mechanism behind these links, which suggests that a more unequal income distribution leads to higher average prices. We test the theory...

Persistent link: https://www.econbiz.de/10010317000

Exchange rate pass-through, domestic competition, and inflation: Evidence from the 2005/08 revaluation of the Renminbi

Auer, Raphael A. - 2012

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...

Persistent link: https://www.econbiz.de/10010281451

Benefits and spillovers of greater competition in Europe: A macroeconomic assessment

Bayoumi, Tamim; Laxton, Douglas; Pesenti, Paolo - 2004

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions after calibrating the model to the euro area...

Persistent link: https://www.econbiz.de/10010283416

What do drug monopolies cost consumers in developing countries?

Hellerstein, Rebecca - 2011

This paper quantifi es the effects of drug monopolies and low per-capita income on pharmaceutical prices in developing economies using the example of the antiretroviral drugs (ARVs) used to treat HIV.

Persistent link: https://www.econbiz.de/10010287143

Spatial frictions

Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2013

The world is replete with spatial frictions. Shipping goods across cities entails trade frictions. Commuting within cities causes urban frictions. How important are these frictions in shaping the spatial economy? We develop and quantify a novel framework to address this question at three...

Persistent link: https://www.econbiz.de/10010291456

The dynamics of trade and competition

Chen, Natalie; Imbs, Jean; Scott, Andrew - 2006

prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …

Persistent link: https://www.econbiz.de/10011506613

Unraveling firms: Demand, productivity and markups heterogeneity

Forlani, Emanuele; Martin, Ralf; Mion, Giordano; … - 2016

We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …

Persistent link: https://www.econbiz.de/10011506813

International shocks and domestic prices: How large are strategic complementarities?

Amiti, Mari; Itskhoki, Oleg; Konings, Jozef - 2016

How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...

Persistent link: https://www.econbiz.de/10011506815

Globalization and the markups of European firms

Békés, Gábor; Hornok, Cecília; Muraközy, Balázs - 2016

) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The … main results are: (i) Exporting is positively correlated with markups; (ii) Importing intermediate inputs and outsourcing … are also positively correlated with markups; (iii) Firms with affiliates have higher markups than other firms, while …

Persistent link: https://www.econbiz.de/10011515344