In this paper we develop a theory of patenting in which a firm preserves its reputation to only apply for a patent …

overvalues a product attribute - quality or price - that stands out in a particular choice situation. In a highly competitive low-price … environment like on an online platform, consumers focus more on price rather than quality. Especially if the market power of local … (physical) retailers is low, price tends to be salient also in the local store, which is unfavorable for the high …

In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or …-sector New-Keynesian model. Here, the degree of overall durables price stickiness is not dramatically lower than that of …

In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on … competitive market characterised by uncertainty about the commodity price, if firms can respond to the revelation of demand …

How does an artist's death impact on the price of his or her works of art? We investigate this question in an infinite … behaviour of collectors and artists, we find that the art price remains at some well-defined "pseudo-competitive" level as long … as the artist is alive. Only when the artist unexpectedly dies, the price increases on impact. This so-called death effect …

/Dollar exchange rate return. In line with theory, the impact of spot market intervention is strikingly similar to that achieved … show that both types of interventions also affect the level and the price of hedging risk in the foreign exchange market …

We explore effects of simultaneous price changes for the demand of a group of goods, which we refer to as a compound …

led the merging parties to reposition their assortment and increase average category prices. While the low-variety and low-price …

In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade …. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of … goods will deliver price equalization in capital goods, but cannot reproduce the observed trade flows …