The rapid increase in home prices over the past several years has raised concerns about the existence of a speculative bubble in this asset market. A closely related concern—irrespective of any existing bubble—is whether home prices are susceptible to a steep decline that could have a severe impact on the broader economy. Indeed, home prices have been rising rapidly. Since 1995, real home price...

A new approach to the analysis of the effects of monetary policy on economic activity is developing. Its pioneers are Benhabib and Farmer (1992) and Beaudry and Devereux (1993, 1995). The combined assumptions of increasing returns to scale (IRS) in production and sticky prices identify this approach.1 The goal is to rationalize slow price adjustment in response to monetary shocks and, consequen...

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BACKGROUND Brazil became the first developing country to guarantee free and universal access to HIV/AIDS treatment, with antiretroviral drugs (ARVs) being delivered to nearly 190,000 patients. The analysis of ARV price evolution and market dynamics in Brazil can help anticipate issues soon to afflict other developing countries, as the 2010 revision of the World Health Organization guidelines sh...

Due to the volatility of markets and ongoing crises (COVID-19, Ukrainian war, etc.), investors are keen exploit any potential chances make profits. For this reason, idea harvesting data from cryptocurrency market users takes an innovative step. Potential in supply chain firms fertilizer industry need know whether observation originating is capable explaining their stock price variation. The aut...

This article describes numerical methods that exploit fixed-point equations equivalent to the first-order condition for Bertrand-Nash equilibrium prices in a class of differentiated product market models based on the mixed-logit model of demand. One fixed-point equation is already prevalent in the literature, and one is novel. Equilibrium prices are computed for the calendar year 2005 new-vehic...

Previous studies suggest that two otherwise robust ‘anomalies’ – preference reversals and disparities between buying and selling valuations – are eroded when respondents participate in repeated markets. We report an experiment which investigates whether this is true when factors neglected in previous studies are controlled, and which distinguishes between anomalies revealed in the behaviour of ...

after the war with iraq which ended in 1988, iran implemented several agricultural support policies based on five-year national development plans. the main objective of these plans in the agriculture sector was to make the agricultural economy more market-oriented and to encourage sustainable agriculture. this paper investigates the extent to which iran's government has been able to achieve thi...

Since its inception, the Small Arms Survey has compiled information on various aspects of small arms and light weapons, including total weapons numbers, the value of overall trade, and the specific impacts of weapons misuse. There is one indicator, however, that has not yet been systematically collected—price. Prices communicate information: they contain detail on valuation and scarcity. Since ...

We give a non-trivial class of valuation functions for which we give auctions that are efficient, truthful and envy-free. We give interesting classes of valuations for which one can design such auctions. Surprisingly, we also show that minor modifications to these valuations lead to impossibility results, the most surprising of which is that for a natural class of valuations, one cannot achieve...