{"id":1714,"date":"2024-01-25T19:23:59","date_gmt":"2024-01-25T19:23:59","guid":{"rendered":"https:\/\/qsms.bme.hu\/?p=1714"},"modified":"2024-01-25T19:23:59","modified_gmt":"2024-01-25T19:23:59","slug":"january-31-nadine-hahn-qsms-seminar","status":"publish","type":"post","link":"https:\/\/qsms.bme.hu\/index.php\/2024\/01\/25\/january-31-nadine-hahn-qsms-seminar\/","title":{"rendered":"January 31: \u00a0Nadine Hahn (QSMS Seminar)"},"content":{"rendered":"\n<p>Nadine Hahn (Katholieke Universiteit Leuven) will present her paper &#8220;<em>Who Is in the Driver\u2019s Seat? Markups, Markdowns, and Profit Sharing in the Car Industry<\/em>&#8221; on January 31st at 11:00 AM, room QA406.<\/p>\n\n\n\n<p><strong>Abstract:&nbsp;&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>I develop a general framework for markup and markdown estimation that allows for profit sharing along value chains without making assumptions on conduct between vertically related firms. I derive the conditions under which the markup and markdown estimates relate to the firms\u2019 equilibrium bargaining weights. To account for vertical and horizontal product differentiation in the production function estimation, I include plant-level prices and employ car characteristics as demand-based quality controls. Between 2002 and 2018, the European car manufacturers\u2019 margins on their input and product markets combined were stable around 10% to 15% on average. The manufacturers\u2019 share of the margin on the input market, however, depends on the car segments in which they produce. The suppliers\u2019 share depends negatively on the variety of their product portfolio and depends positively on their relationship intensity to car manufacturers. The analysis shows that the manufacturers\u2019 bargaining weights decreased during crisis years, such as the financial crisis in 2007 or the diesel gate scandal in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nadine Hahn (Katholieke Universiteit Leuven) will present her paper &#8220;Who Is in the Driver\u2019s Seat? Markups, Markdowns, and Profit Sharing in the Car Industry&#8221; on January 31st at 11:00 AM, room QA406. Abstract:&nbsp;&nbsp;&nbsp; I develop a general framework for markup and markdown estimation that allows for profit sharing along value chains without making assumptions on &hellip; <a href=\"https:\/\/qsms.bme.hu\/index.php\/2024\/01\/25\/january-31-nadine-hahn-qsms-seminar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;January 31: \u00a0Nadine Hahn (QSMS Seminar)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,4,17],"tags":[],"class_list":["post-1714","post","type-post","status-publish","format-standard","hentry","category-event","category-news","category-seminar"],"_links":{"self":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/comments?post=1714"}],"version-history":[{"count":1,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1714\/revisions"}],"predecessor-version":[{"id":1715,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1714\/revisions\/1715"}],"wp:attachment":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/media?parent=1714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/categories?post=1714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/tags?post=1714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}