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

Supply and demand functions are typically estimated using uniform prices and quantities across products, but where … with distance between models in quality space. Using data on prices, technical attributes, and shipments of personal …

We study a model of portfolio choice, in which housing prices are predictable and adjustment costs must be paid when …; and (ii) the time-varying expected growth rate of housing prices. The agent buys (sells) his housing assets only when the … growth rate of housing prices. Finally, we use household level data from the PSID and SIPP surveys to test and support the …

inertia to the price level. These models incorporate expectations of future prices and excess demand by imposing constraints … empirical significance of future prices in specifications like those of Taylor. I find that expectations of future prices are …

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. …