I revisit a loss-leader hypothesis to test a previously untested theory within countercyclical pricing where firms target consumers of high shopping basket value. I estimate a model to predict shopping basket values of consumers to then utilize in estimating of the targeting of high valued...

This paper investigates the impact of the liquidity shock on the export revenue of firms. Using the natural experiment, brought by the reform to the Colombian short-term financing legislation in 2011, we study how the liquidity constraints have impacted Colombian exporters. Our sample includes...