28/5/2021
Online Seminar at June 4th：Masashige Hamano(Waseda University)
Dear all,
Let me inform you of the following online research seminar.
Date: June 4, 2021
Time: 17:15-18:45
Venue: Online Seminar in Zoom
Organizer: Takuya Hasebe
Speaker:Masashige Hamano (Waseda University)
Language: English
Title: Multi-Product Establishments and Product Dynamics (jointly with Keita Oikawa)
Abstract:
The paper shows that multi-product aspect of firms or establishments and heterogeneous dynamic across products over the business cycles with under-explored Japanese data. To account for these stylized facts, we built a general equilibrium model based on heterogeneous firms or establishments that endogenously choose their product mix given different income elasticities across products in consumer preference. With estimated shock processes, the theoretical model is calibrated and simulated. We find that (de)regulation policy at entry, incumbent firms or establishments and each product level provide substantially different outcomes providing a caveat for policy debate.