We explore long-term patterns of the house price-income relationship across the 70 largest U.S. metropolitan areas. In line with a standard spatial equilibrium model, our empirical findings indicate that house price-income ratios are typically not stable even over the long run. In contrast,...

Interspatial and intertemporal grain distribution in Ghana is a private sectoractivity carried out mainly by traders. These traders sometimes collude to maximize theirjoint profits. By so doing they influence the conduct of the grains market. To examine theeffect of their actions on the informal...