An Empirical Survey of Price Fixing Conspiracies

An Empirical Analysis of Exchange Rate Pass-Through to Iran's Saffron Export Price

Exchange rate pass-through to the price of traded goods is one of the important issues in economy of developing countries such as Iran and affects the efficiency of the exchange rate policies to improve the trade balance. The main aim of this paper is to empirically analyze exchange rate pass-through to Iran's saffron export price using panel data for twenty destination markets during 2000–2011...

House Price Dynamics: an International Empirical Perspective

The paper compares the dynamics of housing prices in fifteen OECD countries. The data reveal a remarkable degree of similarity across countries and suggest rich dynamics for the first-differenced real annual house prices, with a significant structure of autocorrelation. We estimate a highly significant first-order autocorrelation coefficient at around .45 and obtain An earlier version of the pa...

An Empirical Test of Methods for Estimating Price Elasticities from Household Survey Data

Unit values, calculated as the ratio of household expenditure on a particular food to the quantity consumed, are often used as proxies for market prices in demand studies based on cross-sectional survey data. Because unit values are likely to give biased estimates of price elasticities, Deaton (1987, 1990) developed procedures for correcting these biases. However, empirical evidence on the bias...

An Empirical Review of Price Behaviour on the Internet

It has been predicted that the Internet is likely to intensify price competition due to its impact in terms of efficiency, capability to create quick search mechanisms, and increase in suppliers, among others. For many traditional retailers the threat is that cutthroat pricing tactics on the Internet will erode their profit margins, for others, the Internet will eliminate their businesses as it...

Vertical Maximum Price Fixing: In Defense of Albrecht