Sökning: "Markups"
Visar resultat 1 - 5 av 10 avhandlingar innehållade ordet Markups.
1. Essays on Saving, Borrowing and Intangible Capital
Sammanfattning : Essay I: Can an increasing importance of intangible capital in the economy explain increases in markups and profits? I use a heterogeneous firm model to show how intangible capital is related to markups and profits at the industry level. The uncertainty and scalability properties of intangible capital imply that firms that succeed in their intangible capital investment can charge high markups relative to other firms, whereas firms that fail will exit. LÄS MER
2. Essays on Culture and Trade
Sammanfattning : This thesis consists of three self-contained essays. The first two essays address the consumption of culture and are closely related in terms of the theoretical framework used. The third essay is a separate analysis of international trade and competition. LÄS MER
3. On the Cost of Capital, Profits and the Diffusion of Ideas
Sammanfattning : Estimating the Cost of Capital and the Profit Share Compensation of the factor of production capital is not directly observed since most firms own part of their capital stock. I develop a new method to estimate capital compensation. LÄS MER
4. Finance, Shocks, Competition and Price Setting
Sammanfattning : Essay I: The New Keynesian model augmented with the working capital channel predicts that (i) a rise in the policy rate increases producer prices, with a stronger impact on firms that use more working capital, (ii) the pass-through of policy rate changes to prices is gradual because of price rigidity and (iii) unanticipated policy rate changes have larger effects than anticipated changes. Using firm-level micro data, I test these predictions. LÄS MER
5. Essays on Trade, Technology and the Organization of Firms
Sammanfattning : "Endogenous Sunk Costs, Exporting and Heterogeneous Firms" Empirical evidence shows that R&D spending is highly correlated with firm productivity and highly concentrated among large firms. This paper develops a model of quality competition with heterogeneous firms that can explain these patterns. The model makes two new predictions. LÄS MER