Is the cross-sectional distribution of house prices close to a (log)normal distribution, as is often assumed in empirical studies on house price indexes? How does it evolve over time? How does it look like during the period of housing bubbles? To address these questions, we investigate the...

Is the cross-sectional distribution of house prices close to a lognormal distribution, as is often assumed in empirical studies on house price indexes? How does the distribution evolve over time? To address these questions, we investigate the cross-sectional distribution of house prices in the...

Using the uniform powerful unbiased test, we observed the sales distribution of consumer electronics in Japan on a daily basis and report that it follows both a longnormal distribution and a power-law distribution and depends on the state of the market. We show that these switches occur quite...

We investigate retailers' price setting behavior using a unique dataset containing by-the-second records of prices offered by closely competing retailers on a major Japanese price comparison website. First, we find that, when the average price of a product across retailers falls rapidly, the...

We investigate retailers' price setting behavior, and in particular strategic interaction between retailers, using a unique dataset containing by-the-second records of prices offered by competing retailers on a major Japanese price comparison website. First, we find that, when the average price...