Narrow search
Showing 1 - 10 of 241
Cover Image
Market Structure and Market Performance in E-Commerce
Hackl, Franz; Kummer, Michael E; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2012
from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware … instrumenting is particularly important for estimating the effect of competition on the markup of the price leader. …
Persistent link: https://www.econbiz.de/10011083898
Cover Image
Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach' in the Chemical Industry
Uribe, Marín; Luis, Pedro; Siotis, Georges - C.E.P.R. Discussion Papers - 2002
This Paper empirically tests the ‘bounds approach’ to industry structure proposed by Sutton ((1991), (1998)). To carry out this task, we focus on the chemical industry. Part of the novelty in this exercise is that we work on the finest possible level of disaggregation. Also, we identify...
Persistent link: https://www.econbiz.de/10005656233
Cover Image
Price Competition, Innovation and Profitability: Theory and UK Evidence
Symeonidis, George - C.E.P.R. Discussion Papers - 2001
This Paper examines the effect of price competition on innovation, market structure and profitability in R …
Persistent link: https://www.econbiz.de/10005666839
Cover Image
Innovating Firms and Aggregate Innovation
Klette, Tor Jakob; Kortum, Samuel S - C.E.P.R. Discussion Papers - 2002
We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behaviour of individual heterogeneous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...
Persistent link: https://www.econbiz.de/10005788918
Cover Image
How are Product Demand Changes Transmitted to the Labour Market?
Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993
generally involves wage-price sluggishness or counter-cyclical real wage movements. In practice, however, real wages are often …
Persistent link: https://www.econbiz.de/10005504209
Cover Image
Keynesian Economics, Monetary Policy and the Business Cycle - New and Old
Cukierman, Alex - C.E.P.R. Discussion Papers - 2005
rather than perfectly competitive) the flexible price and wage equilibrium does not necessarily maximize welfare. The paper …
Persistent link: https://www.econbiz.de/10005504456
Cover Image
Escaping Nash and Volatile Inflation
Ellison, Martin; Yates, Tony - C.E.P.R. Discussion Papers - 2007
Why is inflation so much lower and at the same time more stable in developed economies in the 1990s, compared with the 1970s? This paper suggests that the United Kingdom, United States and other countries may have escaped from a volatile inflation equilibrium. Our argument builds on the story...
Persistent link: https://www.econbiz.de/10005504556
Cover Image
Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2007
rate on sterling bonds can then be used to target stability for the sterling price level. The paper puts question marks … authorities define and determine the numéraire used in private transactions. The second is the proposition that price stability in …
Persistent link: https://www.econbiz.de/10005504750
Cover Image
Why People Don't Find Work
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993
business cycle theory. The second section deals with imperfect information as an impediment to finding work: search theory …, implicit contract theory, and efficiency wage theory. The third section concerns labour market institutions as sources of …
Persistent link: https://www.econbiz.de/10005497987
Cover Image
Oil Prices, Profits, and Recessions: An Inquiry Using Terrorism as an Instrumental Variable
Chen, Natalie; Graham, Liam; Oswald, Andrew - C.E.P.R. Discussion Papers - 2008
Nearly all post-war recessions were preceded by oil-price shocks, but is this because spikes in the price of oil cause … industries, we show that, after correction for simultaneity bias -- though not before -- the price of oil has large negative … the claim that oil-price spikes can be a source of recessions. …
Persistent link: https://www.econbiz.de/10005498032