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 …

last price change. This reflects differences over time in the flexibility of prices charged by a single store for a given … substantially differs from the average of other stores. However, extreme prices typically reflect the selling store's recent nominal … adjustments rather than changes in other stores' prices. …

Cross-sections of option prices embed the risk-neutral probability densities functions (PDFs) for the future values of … implied in option prices. Using FTSE 100 and S&P 500 options, and both power and exponential utility functions, we show that …

prices as an information variable for monetary policy implementation. A set of option prices provides us with information on … prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for …

Suppose the nominal money supply could be cut literally overnight by, say, 20%. What would happen to prices, wages …, output? The answer can be found in 1720s France, where just such an experiment was carried out, repeatedly. Prices adjusted … instantaneously and fully on one market only, that for foreign exchange. Prices on other markets (such as commodities) as well as …

to reduce prices generates faster sales and hence improves social welfare, the usual commission rate of 6 percent exceeds …

answer this question the authors use a dataset with product-level retail prices and wholesale costs for a large grocery chain … border gaps in prices and costs co-move almost one-to-one with changes in the U.S.-Canadian nominal exchange rate. They show …

, business leaders, academics, and policymakers. First, the decline in real oil prices that followed the 1970s' oil shocks is … domestic supplies in response to higher prices. The second lesson of the conference, however, is that any prediction about oil … funds has increased the volatility of oil prices. Finally, changes in oil prices still have large effects on the economy …