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We examine whether investors consider foreign component auditors when assessing the value of U.S. multinational corporations (MNCs) using two sets of Public Company Accounting Oversight Board (PCAOB) international regulatory events. We find investors react negatively when the PCAOB is denied...
Persistent link: https://www.econbiz.de/10014244905
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prices. Remedies based on separate bargaining do not alleviate the price increases. …
Persistent link: https://www.econbiz.de/10010233156
We document the existence of asymmetric price transmission in Mexico for a wide variety of food and non-food products … (wholesale-retail). We find that asymmetric price transmission is a common behavior in many of the good markets that we studied … their expenditure for the acquisition of goods that present positive price asymmetries. …
Persistent link: https://www.econbiz.de/10011547646
search costs and price dispersion using a hand-collected panel data set from Jerusalem's Shuk Mahane Yehuda outdoor market …. We present empirical evidence that price dispersion increases with the cost of search using several different measures of … price dispersion, however, our interpretation of this finding is sensitive to the search proxy in question. We also address …
Persistent link: https://www.econbiz.de/10010405221
with the results of an empirical analysis of price response to changes in cost. We find that firms without adjacent … competition exhibit both upward and downward price rigidity, an outcome we ascribe to asymmetric information between the consumer … and the firm. Given that previous studies have focused on downward price rigidities of firms with market power, our …
Persistent link: https://www.econbiz.de/10013065206
, intensifies price competition for non-loyal customers, and eliminates cannibalization from customer self-selection. Contrary to … prior literature on one-to-one marketing and price discrimination, we show that even symmetric firms can avoid the well …
Persistent link: https://www.econbiz.de/10012727129
pharmacy-level price data pertaining to over 800 drugs has been released weekly on the Medicare Web site continuously between … a large sample of pharmacy level drug price data collected from the Medicare website for several weeks to answer the …
Persistent link: https://www.econbiz.de/10012734948
In the technology and design industries, one product builds on another: a smart television enhances a smart phone. However, due to complimentary features, the utility gained by owning both products from the same firm is greater than the sum of the two products' utility if purchased from separate...
Persistent link: https://www.econbiz.de/10012936580
This paper examines how a Korean automobile firm price-discriminates between the Korean and the U.S. markets. We argue … that a Korean automobile firm's pricing behavior depends on the differences in price elasticity over the segmented markets … between the countries. Our findings are that differences in price elasticity may help explain why a medium-class car's price …
Persistent link: https://www.econbiz.de/10013007249