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dc.contributor.authorJaumandreu, J.en_US
dc.contributor.authorLin, Shuhengen_US
dc.date.accessioned2018-06-07T13:19:26Z
dc.date.available2018-06-07T13:19:26Z
dc.identifier.citationJ Jaumandreu, Shuheng Lin. "Pricing Under Innovation."
dc.identifier.urihttps://hdl.handle.net/2144/29255
dc.description.abstractWe study pricing when firms introduce process and product innovations over time. We set up a model of endogenous productivity and markup under imperfect competition and dynamic pricing. We estimate it using output price indices reported by an unbalanced panel of 2,300 Spanish manufacturing firms during 1990-2006. Markups turn out to be procyclical and change with the introduction of innovations. Firms use innovation to increase margins, but product innovators are careful to raise prices on new or improved goods. Process innovations tend to leave prices unchanged, product innovations tend to raise prices and firms that introduce both tend to decrease them.en_US
dc.subjectEconomicsen_US
dc.titlePricing under innovationen_US
dc.typeArticleen_US
pubs.elements-sourcemanual-entryen_US
pubs.notesEmbargo: No embargoen_US
pubs.organisational-groupBoston Universityen_US
pubs.organisational-groupBoston University, College of Arts & Sciencesen_US
pubs.organisational-groupBoston University, College of Arts & Sciences, Department of Economicsen_US
pubs.publication-statusUnpublisheden_US


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