In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price … the analytical effort is spent here. I review the theory underlying such a relationship, and develop and implement a model … due to cost effects and how much to price effects. The main conclusion is that, while price effects are not absent, the …

. Trade policy provides a source of exogenous price variation to assess the validity of this prediction: higher tariffs should …

This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of … fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of … prices: fixing the price of a good, consumers enjoy it more at a low markup than at a high markup. Second, customers …

methodology allows for various underlying price setting models, dynamic inputs, and does not require measuring the user cost of …

This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of … fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of … prices: fixing the price of a good, consumers enjoy it more at a low markup than at a high markup. Second, customers …

price and price-marginal cost markups at the plant level for thirteen homogenous manufactured goods. It relies on micro data … from the U.S. Census of Manufactures over the 1963-1987 period. The amount of price heterogeneity varies substantially … would be generated by purely random movements. High-price and low-price plants remain in the same part of the price …

this market have two strategic weapons at their disposal: (1) the price bid for each generation set and (2) the capacity of … rules governing the price determination process in this market, by the strategic use of capacity availability declarations … the two generators use to exercise market power. We then summarize the time series properties of the price of electricity …