Constant Versus Variable Markups
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Constant Versus Variable Markups
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Author : Hakan Yilmazkuday
language : en
Publisher:
Release Date : 2016
Constant Versus Variable Markups written by Hakan Yilmazkuday and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The Effect Of Markups On The Exchange Rate Exposure Of Stock Returns
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Author : George Allayannis
language : en
Publisher:
Release Date : 2000
The Effect Of Markups On The Exchange Rate Exposure Of Stock Returns written by George Allayannis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Markup categories.
This paper examines how to properly specify and test for factors that affect the exchange-rate exposure of stock returns. We develop a theoretical model, which explicitly identifies three channels of exposure. An industry's exposure increases (1) by greater competitiveness in the market where its final output is sold, (2) the interaction of greater compeitiveness in its export market and a larger share of exports in production and, (3) the interaction of less competitiveness in its imported input market and the smaller the share of imports in production. Using a sample of 82 U.S. manufacturing industries at the 4-digit SIC level, classified in 18 2-digit industry groups, between 1979 and 1995, we estimate exchange-rate exposure as suggested by our model. We find that 4 out of 18 industry groups are significantly exposed to exchange-rate movements through at least one channel of exposure. On average, a 1 percent appreciation of the dollar decreases the return of the average industry by 0.13 percent. Consistent with our model's predictions, as an industry's markups fall (rise), its exchange-rate exposure increases (decreases).
Rules And Rule Markup Languages For The Semantic Web
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Author : Grigoris Antoniou
language : en
Publisher: Springer Science & Business Media
Release Date : 2004-10-27
Rules And Rule Markup Languages For The Semantic Web written by Grigoris Antoniou and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-10-27 with Computers categories.
This book constitutes the refereed proceedings of the Third International Workshop on Rules and Rule Markup Languages for the Semantic Web, RuleML 2004, held in Hiroshima, Japan, in November 2004, together with ISWC 2004. The 11 revised full papers presented together with 2 invited papers and 5 tool presentation abstracts were carefully reviewed and selected from 25 submissions. Among the topics addressed are nonmonotonic rule systems, rule learning for feature extraction, logic reasoners for the Semantic Web, deductive RDF rule languages, description logic programs, defeasible description logics, conceptual logic programs, OWL inferencing, and Semantic Web reasoning.
Pricing Decisions In The Euro Area
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Author : Silvia Fabiani
language : en
Publisher: Oxford University Press
Release Date : 2007-06-25
Pricing Decisions In The Euro Area written by Silvia Fabiani and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-25 with Business & Economics categories.
This book collects results from ad hoc surveys on firms pricing behavior conducted in 2003 and 2004 by nine National central banks of the Euro area in the context of a joint research project (Eurosystem Inflation Persistence Network). These surveys have proved to be an efficient way to test theories on the pricing strategies of economic agents, documenting, in qualitative terms, the underlying rationale of the observed pricing patterns. The book provides an unprecedented amount of information from more than 11,000 euro area firms, addressing issues such as the relevance of nominal and real rigidities, the information set used by firms in the price setting process, the strategy followed to review prices, the frequency of both price reviews and price changes, the reasons underlying price stickiness, and asymmetries in price adjustment. It also compares results for the euro area to those obtained for other countries by similar studies. Finally, it draws the main implications for theoretical modeling and for monetary policy.
The Macroeconomics Of Self Fulfilling Prophecies
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Author : Roger E. A. Farmer
language : en
Publisher: MIT Press
Release Date : 1999
The Macroeconomics Of Self Fulfilling Prophecies written by Roger E. A. Farmer and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Farmer argues for the future of macroeconomics as a branch ofapplied general equilibrium theory. His main theme is thatmacroeconomics is best viewed as the study of equilibrium environmentsin which the welfare theorems break down.
Constant Returns And Small Markups In U S Manufacturing
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Author : Susanto Basu
language : en
Publisher:
Release Date : 1994
Constant Returns And Small Markups In U S Manufacturing written by Susanto Basu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Manufactures categories.
Interest And Prices
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Author : Michael Woodford
language : en
Publisher: Princeton University Press
Release Date : 2011-12-12
Interest And Prices written by Michael Woodford and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-12 with Business & Economics categories.
With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.
Demand And Supply Of Aggregate Exports Of Goods And Services
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Author : Hubert M. Strauss
language : en
Publisher: Springer Science & Business Media
Release Date : 2004
Demand And Supply Of Aggregate Exports Of Goods And Services written by Hubert M. Strauss and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with International trade categories.
Strategic Pricing And Management Accounting
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Author : David Dugdale
language : en
Publisher: Taylor & Francis
Release Date : 2022-11-11
Strategic Pricing And Management Accounting written by David Dugdale and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-11 with Business & Economics categories.
Management accountants should have a key role to play in developing and executing pricing strategy and policy. However, their historical focus on costing and operations means that their potential as business partners with marketing and sales professionals is easily overlooked. This book focuses on how management accountants can help key stakeholders in the formulation and execution of pricing policy and, conversely, on showing managers responsible for pricing decisions how they could be helped by management accountants. It equips management accountants with a unique overview of pricing theory, the practical, quantitative techniques they should know and the value they can bring to the pricing function. The book analyses segmentation, value to customer, price-value maps, segmental pricing, product differentiation and dynamic pricing, with traditional economic theory, showing how these ideas have implications for management accountants and the value that they can bring to the business. Differences in customer value have been integral to economic theory for decades and price discrimination, the technique of charging different prices to different customers for the same or similar goods, is well-established. This observation provides the central core of this book. The methods of price discrimination are set out in detail, showing how management accountants can bring their analytical skills to bear in helping executives and pricing professionals take advantage of differences in customer valuation to improve profits. The book provides a thorough overview of the field and offers a good introduction for researchers and students. Equally, the book shows managers, marketers and pricing professionals how management accountants can assist them in delivering better pricing practice.
Markups And Misallocation With Evidence From An Exchange Rate Appreciation
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Author : Ariel Weinberger
language : en
Publisher:
Release Date : 2018
Markups And Misallocation With Evidence From An Exchange Rate Appreciation written by Ariel Weinberger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
With non-homothetic preferences, a monopolistic competition equilibrium is inefficient. In a setting with heterogeneous firms that charge variable markups, this paper finds a sufficient statistic for changes in allocative efficiency that can be directly measured with data. The model also predicts differential effects of competition and cost shocks on the reallocation across domestic firms, which I test empirically with firm and industry-level data in Chile, a country that has experienced large exchange rate shocks. I find important changes in misallocation over time due to the way firms pass-through productivity gains into markups. From industry-year variation, there is evidence that industries that import a larger share of their inputs become more misallocated as a result of exchange rate appreciations compared to “open” sectors whose output competition becomes fiercer. The observations of markup responses at the firm level are consistent with the aggregate measure of allocative efficiency.