To make high-quality research more accessible and easier to explore.

Fields:
4 results ✕ Clear filters

Inflation and Wage Indexation in the Postwar United States

The Review of Economics and Statistics 1995 77(1), 172
This paper examines the relationship between inflation and wage indexation in the postwar United States using data on the prevalence of cost-of-living adjustments in major collective bargaining agreements. The author finds that increases in inflation precede increases in wage indexation but reductions in inflation do not precede reductions in wage indexation. There is virtually no evidence that wage indexation affects inflation.

Brand Capital and Incumbent Firms' Positions in Evolving Markets

The Review of Economics and Statistics 1995 77(3), 522 open access
In many advertising-intensive industries one observes market share persistence, i.e., firms maintaining lead market shares over long periods of time. I hypothesize that firms that have the largest stock of well-established brands, a stock that I term brand capital, are most likely to introduce new products in response to new market information about consumer preferences. Firms with less brand capital delay their introductions until the uncertainty concerning the market size is reduced. I present empirical support in a study of new product introductions in the U.S. beverage industry.