This paper employs a pair-wise approach to examine regional integration in the US gasoline market. Using gasoline price …, we uncover evidence that the speed at which prices converge to the long-run equilibrium depends upon the distance between …

this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to … transport via land, the difference in marginal cost between local production and imports varies across local markets. The … marginal cost of imports is lower in areas with access to a sea port, decreasing the relative value of investing in local …

With home bias, a consumer differentiates between domestic goods and imports and tends to purchase the domestic variety …, thus making imports prohibitively expensive? Is there some inherent distrust of a foreign product? ; This paper probes the … tendency to purchase domestic goods rather than imports arises almost entirely from pure locational factors. The ad valorem …

flows including here exports and imports. Design/methodology/approach: This study is based on quarterly data from 2000 … the imports, there exists a long-run relationship, but its impact differs in different periods. Research limitations …

domestic work market within Murcia City, through information provided by immigrant women (legal or illegal) and Spanish …

We have developed a computerized version of Charles Holt’s classical market game that can be used even in classes with … a large audience. The Pit market game gives students intuitive access to the interaction of supply and demand in real …-world markets. Even though trade can take place at non-uniform prices in the classroom game, the average price and the quantity …