-term forecasts, due to constant elasticity to gross domestic product these models assume. In this paper we argue that traffic … maturity results from decreasing marginal utility of transport. The elasticity of individual mobility with respect to the … revenue tends to decrease when the level of mobility increases. In order to find evidences of decreasing elasticity we analyse …

This paper studies two aspects of the behaviour of provincial relative prices in Spain: the relevance and the nature of … half point per year in the long-run), but deviations of relative prices from equilibrium can be very persistent. …

The fiscal theory of the price level has challenged the conventional view that monetary factors drive prices and …

in option prices. Consumption and dividends remain smooth, and the model is consistent with salient features of …

restricted by federal and state laws from expanding across state lines. We examine whether bank merger prices were higher or … well as those that may provide some diversification benefits, are offered higher prices.> We find that changes in the … regulatory environment had a significant impact on bank merger activities in general, and bank merger prices in particular. For …

across the states for more timely evidence of a change in this relationship. We find some evidence that the elasticity of …