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Purpose – Downward movements in house prices can exacerbate bank crises if mark‐to‐market methods of asset valuation … index calculation that reflect equilibrium prices rather than temporary undershoots. The purpose of this paper is to propose … a new methodology in order to evaluate whether market house prices are different from their fundamental asset prices …
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between local housing market areas (HMAs). Design/methodology/approach – The practical data issues that arise from measuring …
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In published work on hedonic house price estimation it is not uncommon to examine some of the conditions required for the estimators to have desirable properties such as minimum variance and unbiasedness, in particular spatial autocorrelation. However, other conditions that can give rise to...
Persistent link: https://www.econbiz.de/10014971591
framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …
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food demand in relation to food prices over time using data from the British National Food Survey (NFS) covering the period … energy from carbohydrate have been explored deriving nutrients elasticities with respect to variation of food prices. …
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goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price … adjustment. We document that although online prices are more flexible than offline prices, they nevertheless exhibit relatively …
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