profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the …. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

Recent empirical research documents a tendency of affiliates of multinational enterprises to bunch around zero reported … profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …

Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …

portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and … how lottery prizes are spent and saved over time. We find that spending spikes in the year of winning, and reverts to …