International Shocks, Variable Markups, and Domestic Prices
How strong are strategic complementarities in price setting across firms? In this article, we provide a direct empirical estimate of firms' price responses to changes in competitor prices. We develop a general theoretical framework and an empirical identification strategy, taking advantage of a...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Oxford University Press
2019
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Subjects: | |
Online Access: | View Fulltext in Publisher |