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Dispersion over the business cycle : passthrough, productivity, and demand

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2022

We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...

Persistent link: https://www.econbiz.de/10013256973

Dispersion over the business cycle : passthrough, productivity, and demand?

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2023

We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than productivity dispersion in recessions....

Persistent link: https://www.econbiz.de/10013488861

Markups as a hedge for input price uncertainty: evidence from Sweden

Agrawal, Sneha; Gaurav, Abhishek; Suveg, Melinda - 2021

factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile … prices set higher markups. We use the Bartik shift-share approach to empirically test whether firms which use more oil … relative to other inputs set higher markups when oil prices are more volatile. Our estimates imply that a one standard …

Persistent link: https://www.econbiz.de/10012695355

I will survive : pricing strategies of financially distressed firms

Duca, Ioana A.; Montero, José Manuel; Riggi, Marianna; … - 2018

We consider a standard result of customer market theory: if firms have stable customer relations and face financial … Survey. All things being equal, financially constrained firms charge higher markups when faced with low demand; this …

Persistent link: https://www.econbiz.de/10011864188

U.S. market concentration and import competition

Amiti, Mary; Heise, Sebastian - 2021

A rapidly growing literature has shown that market concentration among domestic firms has increased in the United States over the last three decades. Using confidential census data for the manufacturing sector, we show that typical measures of concentration, once adjusted for sales by foreign...

Persistent link: https://www.econbiz.de/10012520308