suggest that the role of income and prices in determining imports is not known with any precision. This paper offers the first …-1992 data, I find that income and prices do not affect imports whereas the opposite conclusion arises with postwar data. The …Virtually all we know about the behavior of U.S. imports rests on studies estimating income and price elasticities with …

I use disaggregated U.S. data from 1978 to 1988 to examine the impact of changes in the prices of imported manufactured … goods on corresponding domestic prices--the "competing goods effect." I use an econometric specification which allows for … of scale. ; I find that the impact of import prices on domestic prices varies substantially by industry, with …

patterns in export prices at the level of products or firms. In this paper, a unified theoretical framework of firm … heterogeneity in cost and quality is brought to bear on an expansive data set of U.S. import transaction prices collected by the …

to entry by adjusting product quality in addition to simply lowering prices. Using market-level data, I estimate a …). Consistent with the empirical observation that cable prices rose during the 1990s and early 2000s "in spite of" increasing … choices toward the high end of the market and inefficiently low product differentiation. In such cases, consumers with weak …

widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of … alternative view that would invalidate such models is that energy prices respond instantaneously to macroeconomic news, implying … that energy prices should be ordered last in recursively identified VAR models. In this paper, we propose a formal test of …

Gasoline prices influence where households decide to locate by changing the cost of commuting. Consequently, the … substantial increase in gas prices since 2003 may have reduced the demand for housing in areas far from employment centers … 2008, we find that a 10 percent increase in gas prices leads to a 10 percent decrease in construction after 4 years in …

reduced form equations which can be used to examine such issues as capital market segmentation, currency substitution …, exchange rate volatility, and the forward exchange market's risk premium. Mechanically, the model begins as a system of … stochastic differential equations which describe the dynamic paths of a vector of state variables, prices, and PPP deviations …

We test for efficiency in the market for Swedish co-ops by examining the negative relationship between the sales price … and the present value of future rents. If the co-op housing market is efficient, the present value of co-op rental …-series tests of housing market efficiency. …