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1.
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Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequenc[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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This paper studies discounting in mortgage markets. Using transaction-level data on Canadian mortgages, we document that over time there's been an increase in the average[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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In many industries, firms usually have two choices when expanding into new markets: They can either build a new plant (greenfield entry) or they can acquire an existing i[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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A large body of empirical literature investigates differences in financing structures across firms. Private firms’ financing receives little attention due to the lack of [...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data [...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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This paper measures market power in a decentralized market where contracts are determined through a search and negotiation process. The mortgage industry has many institu[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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Can regulation solve problems arising from a natural monopoly? This paper analyzes whether “unbundling,” referring to regulations that enforce sharing of natural monopoli[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the [...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which mortgage markets are competitive. Mortgage markets are dec[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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