A fundamental issue in economics is how firms deal with unexpected cost increases, perhaps arising from taxes, exchange rate fluctuations or rising input prices: what drives the extent to which they pass the costs through to the prices they charge? To explore the relationship between 'pass-through' and competition within a sector, Christos Genakos and Mario Pagliero take us to the Greek islands.
Christos Genakos and Mario Pagliero
15 June 2021 Paper Number CEPCP605
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This work is published under POID and the CEP's Growth programme.