Major technological changes driving the Fourth Industrial Revolution combine
complementary inventions to form complex innovations. These include the Internet of Things …

We analyze and summarize microeconomic theory of pass-through rates. We start by
analyzing a monopolist firm in a standard frictionless market, then add more nuances to the …

In theory, an introduction of a liability on firms, related to the difference between consumers'
beliefs and the effective terms of purchase/contract, can improve both social welfare and …

I show that when firms can change the quantity of product offered in each package, the
standard pass-through rate calculations need to be adjusted. In particular, if a firm's cost …

Trade conflicts burgeoned under the Trump Administration, particularly with China.
President Trump imposed tariffs on a number of imports, including solar cells, and engaged …

This paper takes into account the difference in risk-aversion of producers to explain their
degree of cost pass-through. Each producer can be either risk-neutral or risk-averse …

The objective of this thesis is to estimate the real wage rigidities in chosen EU countries and
their influence on long term unemployment. Two main approaches used in this thesis are …