The missing middle in product price distribution

• Main Authors: CHANG, Pao-li, YI, Xin, YOON, Haeyeon
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: missing middle; price and income distribution; demand demographics; cost of living; entry/exit; Behavioral Economics; Economics; International Economics
• Online Access: https://ink.library.smu.edu.sg/soe_working_paper/7; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1004&context=soe_working_paper
• Institution: Singapore Management University

The IO literature has typically studied the supply-side factors that determine the price structure of products/services competing in a market. This paper pro-poses that the demand-side demographics could play an important role in shaping the product price structure. In particular, we document a “mis...