N. Trachter

Publications63
h-index11
Citations366
Highly Influential Citations23
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The Elasticity of Substitution in Demand for Non-Tradable Goods in Latin America: The Case of Argentina
The objective of this paper is to estimate the elasticity of substitution in the demand for non-tradable goods relative to tradable goods in Argentina. This parameter plays a crucial role in the… Expand
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Diverging Trends in National and Local Concentration
The views expressed herein are those of the authors and do not necessarily represent the views of the Federal Reserve Bank of Richmond or the Federal Reserve System. We thank Eric LaRose and Sara Ho… Expand
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Relative Price Dispersion: Evidence and Theory
We use a large dataset on retail pricing to document that a sizeable portion of the cross-sectional variation in the price at which the same good trades in the same period and in the same market is… Expand
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Stepping Stone and Option Value in a Model of Postsecondary Education
A stepping stone arises in risky environments with learning and transferable human capital. An example is the role played by academic two-year colleges in postsecondary education: Students, as they… Expand
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Equilibrium price dispersion with sequential search
TLDR
We show that the fraction of the gains from trade accruing to the buyers is nonmonotonic in the degree of market power of the large seller. Expand
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Price Dynamics with Customer Markets
We study a tractable model of firm price setting with customer markets and empirically evaluate its predictions. Our framework captures the dynamics of customers in response to a change in the price,… Expand
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Price Dynamics with Customer Markets
Using microdata from a U.S. retailer we document that customer turnover responds to pricing. We study the optimal price setting of a firm when its demand has an extensive margin that is elastic to… Expand
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Markups Dynamics with Customer Markets
We study a model where customers face frictions when changing their supplier, generating sluggishness in the firm's customer base. Firms care about expanding their customer base and this affects… Expand
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Relative Price Dispersion
Using scanner data we document some interesting patterns of pricing. We document significant differences in (1) overall price levels across stores, and (2) deviations of individual prices from the… Expand
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An Information-Based Theory of Financial Intermediation
We advance a theory of how private information and heterogeneous screening ability across market participants shapes trade in decentralized asset markets. We solve for the equilibrium market… Expand
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