Gup, Benton E.; Nam, Doowoo - In: International Journal of Revenue Management 1 (2007) 3, pp. 262-275
Economic theory suggests that in a competitive market, prices tend to converge. This article examines the prices of small-denomination ($100,000) certificates of deposit (CDs) offered by commercial banks in 50 major US cities. Owing to information provided by internet websites, the markets for...