| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15513 |
| DP15513 Markups Across Space and Time | |
| Eric Anderson; Sérgio Rebelo; Arlene Wong | |
| 发表日期 | 2020-12-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In this paper, we provide direct evidence on the behavior of markups in the retail sector across space and time. Markups are measured using gross margins. We consider three levels of aggregation: the retail sector as a whole, the firm level, and the product level. We find that: (1) markups are relatively stable over time and mildly procyclical; (2) there is large regional dispersion in markups; (3) there is positive cross-sectional correlation between local income and local markups; and (4) differences in markups across regions are explained by differences in assortment within each goods category, not by deviations from uniform pricing. We propose an endogenous assortment model consistent with these facts. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Gross margins Prices Marginal costs Business cycles |
| URL | https://cepr.org/publications/dp15513 |
| 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/544515 |
| 推荐引用方式 GB/T 7714 | Eric Anderson,Sérgio Rebelo,Arlene Wong. DP15513 Markups Across Space and Time. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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