What is the impact of the increasing dominance of conventional firms in e-commerce? We use a simple model to show that retailers who only sell through Internet have lower on-line prices than retailers who also sell through conventional stores. This proposition is firmly supported by our...

Using the first wave of the Eurosystem Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households? balance sheets in 15 euro area countries, this paper explores how households allocate their assets. We derive stylised facts on asset participation as well as levels...

This paper analyses empirically how cross-border consumption varies across product and services categories and across household characteristics. It focuses on the part of crossborder sales that arise due to work-related cross-border crossings; it analyses the crossborder consumption behaviour of...

Exceeding 40% of domestic employment cross-border commuters are extremely important to Luxembourg's economy and labour market in general. This paper presents unique information on their income, wealth and consumption using representative survey data from cross-border commuter households to...

Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter households despite their similar incomes. The average...

This paper introduces the Luxembourg Household Finance and Consumption Survey (LU-HFCS), presents its background and aim, the field phase, the data treatment, including editing, imputation, and anonymisation, and some basic descriptive findings. The estimated average (median) total net wealth of...