The multinational retailer IKEA represents a natural laboratory for studying international pricing and product cycle behavior. With 314 stores in 38 countries, IKEA is a major international presence in retail housewares and furnishings. IKEA is unique among homegoods retailers in its publication of annual catalog of prices guaranteed to hold for 1 year. This paper examines international pricing...

How do the components of neuronal circuits collaborate to select combinations of synaptic inputs from multiple pathways? In this issue of Neuron, Milstein et al. (2015) uncover mechanisms of synaptic facilitation and dendritic inhibition that cooperate to provide filtering for co-active inputs of distinct origins.

Recent theoretical work has suggested a number of potentially important factors in causing incomplete pass-through of exchange rates to prices, including markup adjustment, local costs and barriers to price adjustment. We empirically analyse the determinants of incomplete pass-through in the coffee industry. The observed pass-through in this industry replicates key features of pass-through docu...

• Welfare effects of taxation and other costs under imperfect competition are analyzed. Formulas for the marginal value public funds incidence provided. Our framework can be readily extended to encompass firm heterogeneity. This paper provides a comprehensive study welfare multiple policy interventions external changes with emphasis on specific ad valorem as leading case. Specifically, in relat...