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.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very … very slightly. We also present evidence that the border effect in U.S.-Mexican prices is not primarily due to the border … effect in U.S.-Mexican wages. Finally, using the prices of 276 highly dis-aggregated goods and services, we estimate the …
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product menus and prices. When product menus are endogenous, however, tests for price discrimination may be biased by the fact … that unobservables affecting costs or demand may jointly determine product menus and prices leading one to falsely infer … attributes, product menus, and prices. …
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This paper emphasizes the notion that model features that contribute to endogenous price rigidity under staggered price setting lower the elasticity of marginal cost with respect to output, and these same model features tend to generate equilibrium indeterminacy, or "sunspot fluctuations", under...
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Asymmetric information models characterize hot IPO markets as periods when better quality firms have an incentive to issue equity, and cold markets when the lemons premium associated with equity is too high to draw in many issuers. Recent empirical evidence, however, suggests that firms that...
Persistent link: https://www.econbiz.de/10005514130