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Relative Price Dispersion: Evidence and Theory

open access: yesAmerican Economic Journal: Microeconomics, 2019
Relative price dispersion refers to persistent differences in the price that different retailers set for one particular good relative to the price they set for other goods.
G. Kaplan   +3 more
semanticscholar   +1 more source

Newspapers in Times of Low Advertising Revenues

open access: yesAmerican Economic Journal: Microeconomics, 2019
We model the consequences on newspapers’ content and prices of a reduction in advertising revenues. Newspapers choose the size of their newsroom, and readers are heterogeneous in their ideal amount of journalistic-intensive content.
Charles Angelucci, Julia Cagé
semanticscholar   +1 more source
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Large Shocks Travel Fast

Social Science Research Network, 2023
We document a sizeable increase in the frequency of price adjustments following the large energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the preshock data, to interpret such a pattern.
Alberto Cavallo   +2 more
semanticscholar   +1 more source

Multihoming and Oligopolistic Platform Competition

Social Science Research Network, 2023
We provide a general framework to analyze competition between any number of symmetric two-sided transaction platforms, in which buyers and sellers can multihome. We show how key primitives such as the number of platforms, the fraction of buyers that find
Chunchun Liu   +3 more
semanticscholar   +1 more source

Price Transparency, Media and Informative Advertising

Social Science Research Network, 2023
We study the effects of a price transparency regulation in Israeli supermarkets. Using price data collected before and after the regulation and a difference-in-difference research design, we show that price levels and price dispersion declined ...
Itai Ater, Oren Rigbi
semanticscholar   +1 more source

How to Construct Nationally Representative Firm-Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration

American Economic Journal: Macroeconomics
We construct nationally representative firm-level longitudinal data for European countries using financial statements from the Orbis database. We validate our data by comparing its coverage and firm size distribution to official statistics.
Ṣebnem Kalemli-Özcan   +4 more
semanticscholar   +1 more source

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