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Identifying price discrimination when product menus are endogenous

Cohen, Andrew - Federal Reserve Board (Board of Governors of the … - 2004

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. …

Persistent link: https://www.econbiz.de/10005512978

Sticky prices: new evidence from retail catalogs

Kashyap, Anil K. - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005512983

Staggered price setting and real rigidities

Kiley, Michael T. - Federal Reserve Board (Board of Governors of the … - 1997

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...

Persistent link: https://www.econbiz.de/10005513007

The long and short of industrial strength pricing

Kan, William; Krieger, Reva; Tinsley, P.A. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005513024

Market structure and the nature of price rigidity: evidence from the market for consumer deposits

Neumark, David; Sharpe, Steven A. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005513035

Underpricing of seasoned issues: the case of U.S. Treasury bills

Spindt, Paul A.; Stolz, Richard W. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005513064

Here's looking at you: modelling and policy use of auction price expectations

Brayton, F.; Kan, W.; Tinsley, P.A.; Muehlen, P. von zur - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005513097

Initial public offerings in hot and cold markets

Helwege, Jean; Liang, Nellie - Federal Reserve Board (Board of Governors of the … - 1996

equity issuers. We investigate these opposing views with data on IPO firms that issued in 1983, a hot market, and 1988, a … cold market. We find that the two sets of firms have similar operating performance, but stock returns are worse for firms … that went public in the hot market. Our results are largely consistent with investor overoptimism in hot markets, but not …

Persistent link: https://www.econbiz.de/10005514130

The functional relationship between prices and market concentration: the case of the banking industry

Hannan, Timothy H. - Federal Reserve Board (Board of Governors of the … - 1991

Persistent link: https://www.econbiz.de/10005514179

The lead of output over inflation in sticky price models

Kiley, Michael T. - Federal Reserve Board (Board of Governors of the … - 1996

Output growth is negatively correlated with inflation, and detrended output is positively correlated with inflation, in the major North American and European economies. In addition, output growth and detrended output lead inflation. I explore the consistency of these correlations with three...

Persistent link: https://www.econbiz.de/10005514184