Mark-ups, industry structure and the business cycle

Industry Structure and Pricing Over the Business Cycle

We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the entrant is a first mover, and capacity utilization can be either proor countercyclical if the incumbent...

The Business Cycle and Industry Comovement

T he U.S. economy, as of the writing of this article, is in its longest postwar expansion. This expansion has prompted various proponents to declare a “new” economy and the death of the business cycle. These pronouncements may well turn out to be premature, as similar announcements have proved in the past. In this case we can already say that the current expansion shares one feature with all pr...

the underlying structure of language proficiency and the proficiency level

هدف از انجام این تخقیق بررسی رابطه احتمالی بین سطح مهارت زبان خارجی (foreign language proficiency) و ساختار مهارت زبان خارجی بود. تعداد 314 زبان آموز مونث و مذکر که عمدتا دانشجویان رشته های زبان انگلیسی در سطوح کارشناسی و کارشناسی ارشد بودند در این تحقیق شرکت کردند. از لحاظ سطح مهارت زبان خارجی شرکت کنندگان بسیار با هم متفاوت بودند، (75 نفر سطح پیشرفته، 113 نفر سطح متوسط، 126 سطح مقدماتی). کلا ...

Business Cycle Features In The Iranian Economy

Heterogeneous Mark-ups, Demand Composition, and the Inequality-Growth Relation

We explore the relationship between inequality and demand structure in an endogenous growth model where consumers expand consumption along a hierarchy of needs and desires. The consumption hierarchy is captured by non-homothetic preferences implying that the shape of the demand curves for various goods depends on the distribution of income. This setting enables us to study a mechanism that so f...