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integration and price convergence in international markets. Using a panel data set of car prices we examine how the process of … integration has affected cross-country price dispersion in Europe. We find surprisingly strong evidence of convergence towards …
Persistent link: https://www.econbiz.de/10012470318
rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit … our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of … sellers, and returns to search effort are important determinants of pass-through and speed of price adjustment for …
Persistent link: https://www.econbiz.de/10012458260
It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main competing explanations for this finding are: (1) a relatively high degree of discriminatory practices against imports and (2) relatively high distribution costs associated with...
Persistent link: https://www.econbiz.de/10012474013
yen began a sustained appreciation, but finds that only five of seventeen products experienced a shift in price behavior …
Persistent link: https://www.econbiz.de/10012476149
It is the price behavior in primary manufacturing industries and its implication for general inflation that is the … manufacturing, producer goods manufacturing and construction. To shed light on the price behavior of the group as a whole it is …
Persistent link: https://www.econbiz.de/10012478989
This paper applies a full-information technique to test for the presence of contagion across the money markets of ERM member countries. We show that whenever it is possible to estimate a model for interdependence, a test for contagion based on a full information technique is more powerful. We...
Persistent link: https://www.econbiz.de/10012470953
level of price dispersion both within product categories across exporters, and within exporters across buyers. This latter … source of price discrepancies, sellers' price discrimination across buyers, is indicative of deviations from the law …-of-one price. Price discrimination (i) is substantial within the EU, within the euro area, and within EMU countries; (ii) has not …
Persistent link: https://www.econbiz.de/10012480190
-series data for 21 EU countries from year 1998 to 2007 from various data resources. We provide strong evidence that the price gap … share of ad valorem tax in total excise tax leads to about a 4 to 5 percent increase in the price gap, with a smaller impact …
Persistent link: https://www.econbiz.de/10012462370
EU countries closely regulate pharmaceutical prices whereas the U.S. does not. This paper shows how price constraints …&D spending grew at a real 5.4 percent rate. Results show that EU consumers enjoyed much lower pharmaceutical price inflation …
Persistent link: https://www.econbiz.de/10012465985
Long-run cross-country price data exhibit a puzzle. Today, richer countries exhibit higher price levels than poorer …
Persistent link: https://www.econbiz.de/10012468124