00000nam 2200000zi 4500 9.950620 CaOODSP 20250501123142 m o d f cr mn||||||||| 250430t20252025oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2025-7E-PDF Chernoff, Alexander W., author. Markups, pass-through, and firm heterogeneity with sequentially mixed search / by Alex Chernoff, Allen Head and Beverly Lapham. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (ii, 59 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2025-7 ISSN assigned to different series. "Last updated: February 13, 2025." Includes bibliographical references (pages 33-34). "We study the determination of market power at the firm and industry levels when heterogeneous firms compete for sales to ex ante homogeneous buyers in a market with both directed and random search and free entry of firms that differ in productivity. Search and the distribution of productivity across active firms generate distributions of equilibrium prices and markups that we relate to variation in the elasticity of demand at the firm level. With directed search at the outset, a shock that raises the matching rate for buyers improves conditions for them and tends to lower markups"--Abstract, page ii. Includes abstract in French. Inflation (Finance) Canada. Service industries Economic aspects Canada. Inflation Canada. Services (Industrie) Aspect économique Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2025-7. (CaOODSP)9.806221 PDF 1.95 MB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2025-7-eng.pdf