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The study of Spatial Market Integration (SMI) has been of great concern for agricultural economists, with the Takayama and Judge Price and Allocation Model (TJM), in which prices are bounded by the Spatial Equilibrium Condition (SEC), being the core economic theory. The SEC implies that no...
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potential gender differences in art characteristics and their liquidity. Evidence from two experiments supports the argument …
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Analyzing prices of truly homogenous consumer goods sold in Euroland, we find significant price convergence after the Euro cash changeover in 2002. The deviation of national log prices from the mean log price of the same product is much narrower with the Euro than before. We observe Sigma and...
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