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SUMMARY:Understanding Cost Pass-Through when Prices are Dispersed - Luke G
 arrod ( Loughborough University)
DTSTART:20241016T160000Z
DTEND:20241016T170000Z
UID:TALK225325@talks.cam.ac.uk
CONTACT:Emily Brown
DESCRIPTION:Understanding how cost changes impact prices is fundamental fo
 r many areas of economics\, but there is limited theoretical understanding
  of the determinants of pass-through within settings where prices are disp
 ersed. Under a general demand function\, we analyse cost pass-through with
 in a seminal model of price dispersion where consumers vary in their level
  of market engagement (Varian 1980). We show how the curvature of demand r
 emains key in understanding cost pass-through.\n\nSpecifically\, we find t
 hat demand curvature affects:\n* whether expected pass-through rates are l
 ess or greater than one\n* whether price dispersion increases or decreases
  following a cost rise\n* whether a cost increase will have a greater impa
 ct on the prices paid by more or less engaged consumers\n* how competition
  affects cost pass-through\n\nPlease note\, all our research seminars can 
 be found on the CJBS website:\n"CJBS Research Seminars":https://www.jbs.ca
 m.ac.uk/events/?term=&category=+3263&audience=&location=&date=&pagination=
 1
LOCATION:W2.02\, Cambridge Judge Business School
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