International shocks and domestic prices: How large are strategic complementarities?
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities of a firm's price response both to its own cost shocks and to the price changes of its competitors. Our approach takes advantage of a new micro-level data set for the Belgian manufacturing sector, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The r... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2016 |
Verlag/Hrsg.: |
New York
NY: Federal Reserve Bank of New York |
Schlagwörter: | ddc:330 / D22 / E31 / F31 / strategic complementarities / pass-through / exchange rates / prices / mark-up / Preismanagement / Preiselastizität / Preiswettbewerb / Wechselkurs / Grenzkosten / Schock / Internationaler Wettbewerb / Theorie / Schätzung / Industrie / Belgien |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27322342 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/146670 |