and referral agencies (R&Rs) in some markets. R&Rs provide consumers with information on availability, price, and … information reduces price dispersion, maximum price, and average price. With this model we examine empirically the effects of R … price dispersion and lower maximum prices. There is also some evidence that markets with R&Rs have lower average prices …

) bilateral exports to the United States. The patterns in the data are consistent with the theory. The mean and the variance of …

Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This … effect of gasoline price increases but also for the effects of changes in other prices and income, we develop two alternative … fraction of the coefficient change that did occur during this period can be attributed to the gasoline price increase alone …

price and quantity information to estimate the quality of products exported to the U.S. Higher quality is assigned to … products with higher market shares conditional on price. The estimated qualities reveal substantial heterogeneity in product …

This paper examines the relationship between drug price and drug quality and how it varies across two of the most … standards and price control mechanisms (MES+PC). Through a simple model of adverse selection we model the interaction between … greater incentives to produce high quality drugs. Second, an MES+PC mix reduces the difference in price between the highest …

(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find …

-country differences in income distributions to variations in import variety and price distributions. The theoretical predictions are … importers whose income distributions look more similar have more export partners in common and more similar import price … price distributions that look more like the world …

hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …