We study the effect of regional expenditure and revenue shocks on price differentials for 47 US states and 9 EU countries. We identify shocks using sign restrictions on the dynamics of deficits and output and construct two estimates for structural price differentials dynamics which optimally...

Notwithstanding the undeniable success of telecoms liberalisation in terms of price reduction, new services and technologies as well as consumer satisfaction, EU telecoms policy is at least a half failure. This might seem hard to believe, but we show in this paper that there is no such thing as...

This paper investigates the cause of price differentials between domestic and overseas markets through various empirical analyses of markup pricing. The results show that markup ratios (defined as price/marginal cost) are generally higher in non-manufacturing sectors than in manufacturing ones....

Feeder calf prices are determined by the interaction of many factors. This study uses transactions data from Iowa preconditioned and regular feeder calf auction sales to investigate the impact of a wide variety of factors, many of which have not been used in previous studies on feeder calf...

The purpose of this theoretical note is to develop a model of third-degree price discrimination in which the quantities sold in each market are interdependent. We demonstrate in our mathematical model that in this situation the price differential may be explained not only in terms of price...

This paper is concerned with the determinants of car prices in four European countries: Belgium, France, Germany and the United Kingdom, over the period 1970-1985. The main focus of the study lies in explaining the levels of, and the changes in, the large price differentials observed across the...

A multicommodity, multiregional linear programming model is employed to obtain price differentials between 16 U.S. regions for corn, barley, grain sorghum, and oats. The price differentials are used to obtain loan support rates (for the 1974 crop) in each region, for each grain, so that relative...

In this study, we examine the patterns and causes of stock market integration of selected emerging Asian nations against the US, Australia, China, and India for the period 1 January 2001 to 31 March 2012. We compare patterns of market integration for countries on a daily, weekly, or monthly...

This paper is concerned with the determinants of car prices in four European countries: Belgium, France, Germany and the United Kingdom, over the period 1970-1985. The main focus of the study lies in explaining the levels of, and the changes in, the large price differentials observed across the...

One of the key advances of the internet age is the increase in transparency. Does high price transparency imply that consumers in different countries pay the same price for similar goods? We compare prices for new, tradable goods sold via the internet auction site eBay. We find ample evidence...