Erdős, Péter; Ormos, Mihály - In: Economic Modelling 29 (2012) 5, pp. 1968-1978
We analyze the prices of Baedeker guidebooks issued between 1828 and 1945 in the English, French and German languages. We compile a repeat sales regression index of eBay hammer prices, which reveals a common factor in Baedeker guidebook prices. We find mixed evidence on the underperformance of...