In the absense of frictionless trade, domestic productivity will be a major determinant of prices. Using repeated cross-sections of absolute prices of individual goods across European countries, I find that products of an industry tend to be cheaper in countries with higher productivity in that industry. Similarly, countries with higher productivity in manufacturing have lower prices for produc...

We document that a significant fraction of prices in domestic markets of emerging economies are set in dollars. The currency of prices is not homogeneous across goods. More expensive goods are more likely to be set in dollars. We rationalize these facts using a model of price setting in multiple currencies with search frictions. Pricing in dollars prevents erosion of real prices caused by domes...

Abstract Nowadays, fishery and aquaculture products form an important fraction of the protein requirement and food of many people on the earth. The hike in prices of these essential products seems necessary owing to the increase in demand and consumption of these products in the country. The price transmission from the international market to the domestic market of tunas was  investigated in t...

Using transaction data from the Jakarta Stock Exchange, I nd three pieces of evidence which indicate that domestic investors have an information advantage over foreign investors. First, foreign investors systematically buy at higher and sell at lower intra-day prices than domestic investors. Second, foreign investors tend to sell prior to large positive returns. Finally, the permanent impact of...

this paper deals with the preliminary observations of the analysis conducted on the faunal remains unearthed at thesite of shikarpur. a single trench es4 was selected as a research sample from the excavation conducted by thedepartment of archaeology and ancient history; m.s. university of baroda, gujarat state, india in 2007-08. atotal of 6250 skeletal fragments were analysed of which only 3219...

Using transaction data from the Jakarta Stock Exchange, I nd three pieces of evidence which indicate that domestic investors have an information advantage over foreign investors. First, foreign investors systematically buy at higher and sell at lower intra-day prices than domestic investors. Second, foreign investors tend to sell prior to large positive returns. Finally, the permanent impact of...

This paper studies the formation of stock prices for British, German and French stocks, simultaneously traded in London and Frankfurt or Paris. We analyze theoretically the case where investors and traders based in the same country as the ̄rm have better information on its value than foreign traders. Our model implies that prices set on the domestic market should be informationally more e±cient...

Domestic US sugar production has been protected by government policy for the past 82 years, resulting in elevated domestic prices and an estimated annual (2013) $1.4 billion dollar ‘‘tax’’ on consumers. These elevated prices and the simultaneous federal support for domestic corn production have ensured a strong market for highfructose corn syrup. Americans have dramatically increased their cons...