This paper applies the Johansen Cointegration procedure to test the law of one price (LOOP) for twelve international … arrangement. Price index for each market is estimated using the repeat sales method. The order of integration of each price series … was determined using the augmented Dickey-Fuller and the DF-GLS tests. The results show that only five price index series …

previously sold, an alternative is to base an estimate on the previous sale price. The combination of these approaches has been … employed in real estate price index construction (e.g., Jiang et al. 2015); in the present context, we treat the use of these …

academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … on price determinants. Eleven in- depth expert interviews (Study 2) clarify how these determinants and other factors that … framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and …

prints, we define an overvalued (undervalued) print as a print that was bought for a price above (below) its high (low … that were bought for a price 10 percent above (below) its high (low) pricing estimate generate a positive (negative) excess … return of 12 percent (17 percent) after controlling for the general price movement on the prints market. The price correction …