environmental characteristics, including the quality of green spaces, constitute one of the determinants of buildings (house & apartment) transaction prices. in this research, impact of urban green space on building's transaction prices (rials/m2) in karaj region, district 1 (jahanshahr), was analyzed. therefore, a questionnaire concerning building characteristics and transaction prices wa...

abstract barberry is one of the most important products of south khorasan province. the objective of this study is analyzing the qualitative factors affecting the price of barberry in this province. survey data from 100 questionnaires using simple random sampling of households in the city of birjand, 1389 has been completed, was extracted. results of the estimating hedonic price model show that...

We provide a simple theory of in‡ation inertia in a staggered price setting framework a la Calvo (1983). Contrary to Calvo’s formulation, the frequency of price changes is allowed to vary according to an evolutionary criterion. Inertia is the direct result of gradual adjustment in this frequency following a permanent change in the rate of money growth.

We provide a simple theory of in‡ation inertia in a staggered price setting framework a la Calvo (1983). Contrary to Calvo’s formulation, the frequency of price changes is allowed to vary according to an evolutionary criterion. Inertia is the direct result of gradual adjustment in this frequency following a permanent change in the rate of money growth.

In a multi-product market, if one product stocks out, consumers may substitute to competing products. In this thesis, we use an axiomatic approach to characterize a price-dependent demand substitution rule, and provide a sufficient and necessary condition for demand models where our demand substitution rule applies. Our results can serve as a link between the pricing and inventory literature, a...

entral banks differ in their specific inflation objectives and conduct of policy. However, they typically confront the common problem of identifying which price changes are permanent and which are transitory. Because of the lagged effects of monetary policy, mistaking the nature of price changes can be extremely costly. For example, the failure to detect the onset of inflationary pressures may ...

The markup (the ratio of price to marginal cost) in Canada has risen steadily since the early 1990s suggesting a widening gap between the actual and the efficient level of output and a declining share of labour income in GDP. It exhibits non-stationary movements over the sample period 1982Q1 to 2009Q4, allowing us to identify a permanent markup shock. We provide evidence that oil price movement...

The directed search model (Peters, 1984) is static; its dynamic extensions typically restrict strategies, often assuming price or match commitments. We lift such restrictions to study equilibrium when search can be directed over time, without constraints and at no cost. In equilibrium trade frictions arise endogenously, and price commitments, if they do exist, are self-enforcing. In contrast to...

We study the influence of taking liquidity costs and market impact into account when hedging a contingent claim, first in the discrete time setting, then in continuous time. In the latter case and in a complete market, we derive a fully non-linear pricing partial differential equation, and characterizes its parabolic nature according to the value of a numerical parameter naturally interpreted a...