NATH, HIRANYA K.; SARKAR, JAYANTA - In: Journal of Money, Credit and Banking 41 (2009) 5, pp. 1041-1046
Estimates of the half-life to convergence of prices across a panel of cities are subject to bias from three potential sources: inappropriate cross-sectional aggregation of heterogeneous coefficients, presence of lagged dependent variables in a model with individual fixed effects, and time...