We study industries where the price that a firm sets serves as an investment into lower cost or higher demand. We … assess the welfare implications of the ensuing competition for the market using analytical and numerical approaches to … compare the equilibria of a learning-by-doing model to the first-best planner solution. We show that dynamic competition leads …

We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier … to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly …

price and quantity information to estimate the quality of products exported to the U.S. Higher quality is assigned to … products with higher market shares conditional on price. The estimated qualities reveal substantial heterogeneity in product … impact of low-wage competition on U.S. manufacturing employment and output. Markets characterized by relatively shorter …

competition, as a subset of firms effectively experiences a change in its marginal cost. This paper considers the suspension, and … subsequent reinstatement, of the 5% gasoline sales tax in Illinois and Indiana following a temporary price spike in the spring of …

(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …

We explore the consequences of treating the multiple, non-market benefits associated with improvements in ecosystem … to pay measures of use-based ecosystem services are impacted by the changes in demand for complementary market goods …. Demand for these goods shifts due to the introduction of pollution regulations that deliver improvements in ecosystem …

This paper evaluates a Payments for Ecosystem Services (PES) program in western Uganda that offered forest …

related to the real price of beer and to the minimum legal age for its purchase and consumption. The negative price and legal …-7 times a week) fall more in absolute or percentage terms than the fraction of infrequent drinkers when price or the drinking …

trade price-contingent securities (derivatives) to insure against the risks arising from this uncertainty. I establish four … with price insurance) in this framework. A second is that equilibria with price insurance are Pareto efficient. I give … conditions under which agents are fully insured at an equilibrium. Finally I show that agents' price expectations matter in the …