. The theory demonstrates how to use the observed price dynamics to adjust prices for unobserved quality differences across …This paper studies price and quality differences across international intermediate input suppliers. We develop price … (frictional) price dispersion across suppliers. Using uniquely detailed transaction- level data from the semiconductor industry …

Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We … discuss relevant recent literature, and illustrate the potential of this approach through a historical study of art price … organization of the art market for long-term price trends …

price with respect to per-capita income from a unique dataset that I construct, which features prices of 245 identical goods …--Mango. I find that doubling a destination's per-capita income results in an 18% increase in the price of identical items sold … cross-country price variations of identical items purchased via the Internet by consumers who do not take advantage of …

From 1836 to 2011, the average real rate of price change for gold in the United States is 1.1% per year and the … gold's real rate of price change with consumption and GDP growth rates are small and statistically insignificantly … between gold services and ordinary consumption, the model can generate a mean real rate of price change within the (0.1%, 2 …

broadly inconsistent with the data. Several estimation procedures are proposed that can be used to estimate all the parameters …

52-week high, a highly salient but largely irrelevant past price, and the modal offer price is exactly that reference … price. An offer's probability of acceptance discontinuously increases when the offer exceeds the 52-week high; conversely …, bidder shareholders react increasingly negatively as the offer price is pulled upward toward that price. Merger waves occur …