We build a New Keynesian model of the business cycle with sticky prices and real wage rigidities motivated by efficiency wages of the gift exchange variety. Compared to a standard sticky price model, our Fair Wage model provides an explanation for structural unemployment and generates more plausible labor market dynamics — notably accounting for the low correlation between wages and employment....

Abstract We conduct empirical research on the flexibility of operating costs e-commerce firms. With an international sample firms from different European countries, we find that have a cost structure than traditional retail firms, with lower share labor and goods sold, but higher other costs. While no significant behavior in sold between two types are more flexible adjusting when activity decre...

Barth et al. (1999) document that firms sustaining a string of increasing earnings have higher price-earnings ratios and Myers (2007) find such receive abnormal stock market returns during the periods compared to not exhibiting this pattern. The primary objective current study is improve our understanding how can maintain consecutive earnings. Most on do so by revenues (Ghosh al., 2005). Firms ...

This paper analyses dynamic pricing strategies in the Italian wholesale gasoline market and highlights the importance of endogenous price commitment. Using daily firm level prices over 5 years I show how the commitment of the market leader to keep prices fix for a long time period while costs were rising led to a market outcome with sticky and leadership pricing. To show this I evaluate the con...

DOI: 10.14254/2071789X.2014/7-4/6 ABSTRACT. The paper is focused to the variability of costs, cost behaviour and discusses the issues of sticky costs. The main goal of this paper is to analyze the issue of the author ́s project targeted at the topic of cost behaviour and its projection to the costing systems and confront it with the current state of knowledge in the field. Special attention is p...

We investigate the reversible association of micrometer-sized colloids coated with complementary single-stranded DNA "sticky ends" as a function of the temperature and the sticky end coverage. We find that even a qualitative description of the dissociation transition curves requires the inclusion of an entropic cost. We develop a simple general model for this cost in terms of the configurationa...

This study investigates whether earnings quality affects to asymmetric cost behavior, i.e., sticky of listed firms Jakarta Stock Exchange (JKSE). analyzes 1032 year-firms observations during 2012-2019 periods. on JKSE the period IFRS adoption in 2012 and implementation sustainability reporting voluntarily. finds that influence stickiness is supported. However, negatively influences stickiness. ...