| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13146 |
| DP13146 Prices under Innovation: Evidence from Manufacturing Firms | |
| Jordi Jaumandreu | |
| 发表日期 | 2018-08-30 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study how firms’ innovations impact prices with endogenous productivity and markup, under imperfect competition and dynamic pricing. Absent innovation, productivity plus markup changes curb price growth to half of variable inputs cost growth. Innovation’s additional impact on costs is negatively correlated with markup changes. We detect two prevalent strategies. When marginal cost goes down, firms cash-in innovation by increasing the markups to enlarge profits. When marginal cost goes up, firms practice countervailing pricing by decreasing markups. With no innovation aggregate manufacturing price growth had multiplied by 1.4, but innovation without cash-in strategies had multiplied it by 0.8. |
| 主题 | Industrial Organization |
| 关键词 | Price indices Marginal cost Markup Innovation |
| URL | https://cepr.org/publications/dp13146 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541949 |
| 推荐引用方式 GB/T 7714 | Jordi Jaumandreu. DP13146 Prices under Innovation: Evidence from Manufacturing Firms. 2018. |
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