We study cross-country differences in price and quality in the market for semiconductor wafer manufacturing services …. Using a proprietary transaction-level data set, we document i) substantial constant-quality price differences across …-country price dispersion is also diminishing over a product's life. A model with costs of switching suppliers is consistent with …

(frictional) price dispersion across suppliers. Using uniquely detailed transaction- level data from the semiconductor industry …-adjusted index for semiconductor fabrication, and propose a general method for bounding the true constant-quality price index …This paper studies price and quality differences across international intermediate input suppliers. We develop price …

Price indices for heterogenous goods such as real estate or fine art constitute crucial information for institutional … underlying volatility. For example, in art markets, auction houses often give price guarantees to the seller that resemble put … the price index, allowing to treat the volatility parameter as the object of interest. The model can be estimated using …