Product Prices And The OECD Cycle

The Dynamics of Prices and Market Shares over the Product Life Cycle

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Product Upgrades and Posted Prices

We consider the dynamic pricing problem of a durable good monopolist with full commitment power, when a new version of the good is expected at some point in the future. The new version of the good is superior to the existing one, bringing a higher flow utility. If the arrival is a stationary stochastic process, then the corresponding optimal price path is shown to be constant for both versions ...

Relative Prices and the Business Cycle

Determinants of branded prescription medicine prices in OECD countries.

This paper investigates the determinants of the prices of branded prescription medicines across different regulatory settings and health care systems, taking into account their launch date, patent status, market dynamics and the regulatory context in which they diffuse. By using volume-weighted price indices, this paper analyzes price levels for a basket of prescription medicines and their diff...

Stock prices and house prices: Which one affects the other?

Stocks and houses as two major assets which play important role in the balance sheet of Iranian households. Changes in two markets have a large influence on wealth and the general economy. The purpose of this study is to examine the relationship between stock and house prices over a thirty-year period using vector auto-regression (VAR). Using yearly data for the period from 1985 to 2013, we con...