This paper investigates the relationship between consumer demand and firms'' mark-up for several products in the UK, using two independent datasets. It uses data on consumer expenditures and the retail price index to estimate Almost Ideal Demand Systems on micro-data and compute time-varying...

New exporters tend to exit markets more often. Despite significant sunk costs of exporting, the rate of survival in the first year of a product in a new market is very low. In this paper, we use detailed export and import transactions panel data from Colombia to examine whether changes in the...

Wine consumers rely mainly on the label to infer the quality of a bottle. But there is little empirical research on how colours can be interacted with shapes in the design of wine labels. This study draws from an experiment using data from Spain and shows that there are strong preferences for...