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Does marketing widen borders? : cross-country price dispersion in the European car market

Dvir, Eyal; Strasser, Georg - 2017 - This version: May 2017

We study cross-country price differences in the European market for new passenger cars based on detailed pricing and technical data. Car prices in Europe converged until the year 2003, but not thereafter. Within the EU 15 countries the price range of the median model in 2004 was close to 20...

Persistent link: https://www.econbiz.de/10011721533

Reciprocity, world prices and welfare

Raimondos-Møller, Pascalis; Woodland, Alan D. - 2011

We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices in a world of many goods and countries. While it is...

Persistent link: https://www.econbiz.de/10009312187

Trade linkages and the globalisation of inflation in Asia and the Pacific

Auer, Raphael A.; Mehrotra, Aaron N. - 2014

Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...

Persistent link: https://www.econbiz.de/10010347036

Price equalization does not imply free trade

Mutreja, Piyusha; Ravikumar, B.; Riezman, Raymond Glenn; … - 2013

In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of trade. We demonstrate this first theoretically in a...

Persistent link: https://www.econbiz.de/10009700288

Is it all oil?

Asche, Frank (contributor); Osmundsen, Petter (contributor); … - 2005

After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the Continental market and to the fact that the significant...

Persistent link: https://www.econbiz.de/10002578053

European market integration for gas? : volume flexibility and political risk

Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2000

Gas exports to the Continent are regulated by long term take-or-pay contracts. The contracts are described and analyzed. We thereafter examine whether the most central European gas market, the German market, is integrated. Are there substantial price differences between gas from different export...

Persistent link: https://www.econbiz.de/10009781639

The effects of mandatory disclosure of supermarket prices

Ater, Itai; Rigbi, Oren - 2018

We study how mandatory online disclosure of supermarket prices affects prices and price dispersion in brick-and-mortar stores. Using data collected before and after a transparency regulation went into effect in the Israeli food retail market, multiple complementary control groups and relying on...

Persistent link: https://www.econbiz.de/10011809924

The pass-through of exchange rate in the context of the European sovereign debt crisis

Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015

This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...

Persistent link: https://www.econbiz.de/10011346864

The Warsaw Stock Exchange index WIG : modelling and forecasting

Wdowinski, Piotr (contributor); … - 2005

In this paper we have assessed an influence of the NYSE Stock Exchange indexes (DJIA and NASDAQ) and European Stock indexes (DAX and FTSE) on the Warsaw Stock Exchange index WIG within a framework of a GARCH model. By applying a procedure of checking predictive quality of econometric models as...

Persistent link: https://www.econbiz.de/10003202866

Anticipation, tax avoidance, and the price elasticity of gasoline demand

Coglianese, John; Davis, Lucas W.; Kilian, Lutz; Stock, … - 2016

Least-squares estimates of the response of gasoline consumption to a change in the gasoline price are biased toward … zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline … prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We demonstrate that …

Persistent link: https://www.econbiz.de/10011431005

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