Understanding International Prices: Customers as Capital

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Do Customers Learn from Stock Prices?

This paper provides evidence that a firm’s stock price movements affect its customer demand. I develop a model in which customers learn about a firm’s product quality partially from its stock price. This learning induces feedback from the price to customer demand. Furthermore, the firm manager adjusts product launch decisions in anticipation of these demand shifts. Consistent with the model’s i...

متن کامل

Immigration and International Prices ∗

This paper considers the relation between immigration and prices for a large number of cities across the world over the period from 1990 to 2006. Immigration is shown to have a negative impact on international relative prices. A 10 percent increase in the share of immigrant workers in total employment decreases the prices of final goods and services by more than 2.5 percent. Our results suggest...

متن کامل

Transmission of International Prices of Corn to Iranian Domestic Markets

Market volatility remains one of the most important research fields in agricultural economics.Interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.This paper analyzes the price transmission effects from international markets to domestic markets for corn in Iran. For this purpose, we estimate the elasticity of substitution bet...

متن کامل

Money, Interest, Prices and Capital Flowsf

In this paper we develop the first search-theoretic monetary model of a two-country global economy. We show the connection between deep monetary frictions (i.e. search and matching frictions), capital holdup externalities, and the realization of an endogenous departure from the “excess smoothness” problem in the real exchange rate found in standard models. Using this alternative monetary model,...

متن کامل

Migration, Capital Formation, and House Prices

We investigate the effects of interregional labor market integration in a twosector, overlapping-generations model with land-intensive production in the nontradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that firms face capital adjustment costs. Our analysis highlights heterogeneous welfare effects of labor marke...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: American Economic Review

سال: 2012

ISSN: 0002-8282

DOI: 10.1257/aer.102.1.364