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productivity heterogeneity. The model brings theory and data closer along a key dimension: it generates positively related prices …
Persistent link: https://www.econbiz.de/10010282116
productivity. In the model, equilibrium distributions of both prices and markups are non-degenerate and continuous with a firm …'s price decreasing in its productivity. Variation in the markup across firms is more complicated and depends on both the … search process and the distribution of productivity. The model parameters governing each of these are estimated using firm …
Persistent link: https://www.econbiz.de/10015209993
relationship between the margins of trade and firm productivity, both across firms and within firms over time. In addition, we … and the value of CAT exports responds differently to variation in firm productivity and trade costs than does the export …
Persistent link: https://www.econbiz.de/10011506723
Die ifo Kapazitätsauslastung der Gesamtwirtschaft ist im Januar 2019 auf 88,3% gesunken. Dies ergab eine Auswertung von ca. 7 000 Meldungen von Unternehmen im Rahmen der ifo Konjunkturumfragen. Nach dem konjunkturellen Boom kühlt sich die deutsche Wirtschaft ab und befindet sich am Beginn...
Persistent link: https://www.econbiz.de/10012018061
Der vorliegende Beitrag widmet sich der empirischen Analyse des Einflusses der Euro-Einführung auf die Preisbildung im Lebensrnitteleinzelhandel. Während sich bestehende Studien im Wesentlichen auf eurobedingte Preisrundungseffekte und andere preispsychologische Phänomene konzentrieren, wird...
Persistent link: https://www.econbiz.de/10013531014
Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational "fitness" within a competitive environment, firm growth is also a central concern to both the practice and...
Persistent link: https://www.econbiz.de/10012060666
The South African economy is generally understood to be characterised by high levels of product market concentration and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative firm-level panel data. I present new evidence on South...
Persistent link: https://www.econbiz.de/10012146543
The Asian financial crisis broke out in Thailand in July 1997, and rapidly spread throughout the neighboring countries. An important question then arises? Is it possible to predict next financial crisis? If yes, then what are the predictors? The answer lies in combined usage of economic theory...
Persistent link: https://www.econbiz.de/10011496021
It is often argued that the baseline New-Keynesian model, which relies solely on the notion of infrequent price adjustment, cannot account for the observed degree of inflation sluggishness. Therefore it is a common practice among macro modellers to introduce an ad hoc additional source of...
Persistent link: https://www.econbiz.de/10011506653
We use hedonic prices and purchase quantities to consider what can be learned about household willingness to pay for baskets of organic products and how this varies across households. We use rich scanner data on food purchases by a large number of households to compute household specific lower...
Persistent link: https://www.econbiz.de/10010288215