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Journal articles on the topic 'Relative price'

Author: Grafiati

Published: 4 June 2021

Last updated: 26 July 2025

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1

Hsieh, Chang-Tai, and Peter J. Klenow. "Relative Prices and Relative Prosperity." American Economic Review 97, no. 3 (2007): 562–85. http://dx.doi.org/10.1257/aer.97.3.562.

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The positive correlation between real investment rates and real income levels across countries is driven largely by differences in the price of investment relative to output. The high relative price of investment in poor countries is due to the low price of consumption goods in those countries. Investment prices are no higher in poor countries. Thus, the low real investment rates in poor countries are not driven by high tax or tariff rates on investment. Poor countries, instead, appear to be plagued by low efficiency in producing investment goods and in producing consumer goods to trade for th

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2

Baur, Dirk G., Joscha Beckmann, and Robert L. Czudaj. "THE RELATIVE VALUATION OF GOLD." Macroeconomic Dynamics 24, no. 6 (2019): 1346–91. http://dx.doi.org/10.1017/s1365100518000895.

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Gold is a globally traded asset and held in large quantities by investors and central banks. Since there is no established model to assess whether the price of gold is overvalued or undervalued, we propose a relative valuation framework based on gold price ratios. This idea is not confined to gold but offers the foundation for relative valuation of a broad range of different assets or asset classes. We analyze gold prices relative to commodity prices, consumer prices, stock prices, dividend, and bond yields and find that the relative value of gold varies significantly over time. An analysis of

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3

Ahn, Hie Joo, and Matteo Luciani. "Relative prices and pure inflation since the mid-1990s." Finance and Economics Discussion Series 2021, no. 066 (2021): 1–18. http://dx.doi.org/10.17016/feds.2021.069.

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This paper decomposes consumer price inflation into pure inflation, relative price inflation, and idiosyncratic inflation by estimating a dynamic factor model á la Reis and Watson (2010) on a data set of 146 monthly disaggregated prices from 1995 to 2019. We find that pure inflation is the trend around which PCE price inflation fluctuates, while relative price inflation and idiosyncratic inflation drive the fluctuation of PCE price inflation around the trend. Unlike Reis and Watson, we find that labor market slack is the main driver of pure inflation and that energy prices account for variatio

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4

Kaplan, Greg, Guido Menzio, Leena Rudanko, and Nicholas Trachter. "Relative Price Dispersion: Evidence and Theory." American Economic Journal: Microeconomics 11, no. 3 (2019): 68–124. http://dx.doi.org/10.1257/mic.20170126.

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Relative price dispersion refers to persistent differences in the price that different retailers set for one particular good relative to the price they set for other goods. Relative price dispersion accounts for 30 percent of the overall variance of prices at which the same good is sold during the same week and in the same market. Relative price dispersion can be rationalized as the consequence of a pricing strategy used by sellers to discriminate between high-valuation buyers who need to make all of their purchases in one store, and low-valuation buyers who are able to purchase different item

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5

Chowdhry, Bhagwan, Richard Roll, and Yihong Xia. "Extracting Inflation from Stock Returns to Test Purchasing Power Parity." American Economic Review 95, no. 1 (2005): 255–76. http://dx.doi.org/10.1257/0002828053828554.

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Relative purchasing power parity (PPP) holds for pure price inflations, which affect prices of all goods and services by the same proportion, while leaving relative prices unchanged. Pure price inflations also affect nominal returns of all traded financial assets by exactly the same amount. Recognizing that relative PPP may not hold for the official inflation data constructed from commodity price indices because of relative price changes and other frictions that cause prices to be “sticky,” we provide a novel method for extracting a proxy for realized pure price inflation from stock returns. W

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6

Mia, Md Tuhin, Rejon Kumar Ray, Bishnu Padh Ghosh, et al. "Dominance of External Features in Stock Price Prediction in a Predictable Macroeconomic Environment." Journal of Business and Management Studies 5, no. 6 (2023): 128–33. http://dx.doi.org/10.32996/jbms.2023.5.6.10.

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Understanding the factors affecting future stock prices has been of prime importance across the globe, as accurate stock price prediction is directly related to financial gains. Its interest has been reflected by a large and growing literature trying to investigate stock price prediction with an effort to gain higher prediction accuracy. Recent literature has identified relevant external features, such as current and anticipated future macroeconomic environment-related information, and has incorporated such external features along with historical data on stock prices into the prediction models

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7

Yaya, Keho. "An Econometric Testing of Traditional Import Demand Function for Cote d'Ivoire." Journal of Economics and Business 2, no. 3 (2019): 608–17. https://doi.org/10.31014/aior.1992.02.03.113.

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This study estimates an aggregate import demand function for Cote d’Ivoire and tests the price homogeneity assumption implied by conventional import models. Estimations are based on annual data for real import, real GDP, domestic and import prices over the period 1980-2017. The empirical results reveal that there exists a long run relationship between imports, income, domestic and import prices. In both the long and short run, imports are positively related to real income and domestic prices, and negatively related to foreign prices. The demand for imports is found to respond much more s

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8

Maeng, Cheol-Kyu. "A Study on Developing Regional Relative House Price Index." Korean Institute for Aggregate Buildings Law 48 (November 30, 2023): 245–62. http://dx.doi.org/10.55029/kabl.2023.48.245.

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Recently, in Korea, the polarization of real estate prices by region has deepened, causing social and economic problems. In particular, the government's expansion of taxation on owners of multiple homes to stabilize housing prices led to the exacerbation of the real estate price polarization between the metropolitan areas and local regions. As a methodology for monitoring this phenomenon of real estate price polarization by region, this study is based on 3 house transaction types for 4 house types targeting 17 cities and provinces and affiliated administrative districts, tentatively named 'Reg

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9

Cho, Daeha, and Kwang Hwan Kim. "Inefficient relative price fluctuations." Journal of Economic Dynamics and Control 137 (April 2022): 104348. http://dx.doi.org/10.1016/j.jedc.2022.104348.

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10

Bilina Falafala, Roseline, Robert A. Jarrow, and Philip Protter. "Relative asset price bubbles." Annals of Finance 12, no. 2 (2016): 135–60. http://dx.doi.org/10.1007/s10436-016-0274-8.

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11

Dubravka, Vlasic, Poldrugovac Katarina, and Jankovic Sandra. "The Competitive pricing in marina business: Exploring relative price position and price fluctuation." Journal of Tourism, Heritage & Services Marketing 5, no. 1 (2019): 3–8. https://doi.org/10.5281/zenodo.2640935.

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<em>Competitive pricing is considered to be a very important part of revenue management, a management instrument that enables selling right products and services to the customers at the prices that will produce highest revenues. Marina business is supposed to be a business whose products or services are perishable (similar to hotels, airlines, campsites, hostels etc.) and tracking prices of competitors is very important part of managing its business. The purpose of this paper is to address the problem of relative price position and relative price fluctuation performance in marina business and

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12

Chandra, Vivek. "The relative attractiveness of US LNG exports—is the threat to Australian projects real?" APPEA Journal 55, no. 2 (2015): 420. http://dx.doi.org/10.1071/aj14055.

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The competitiveness of Australian LNG projects against US projects has been a subject of much debate; however, as oil prices have fallen since mid-2014, the debate has shifted from the relative commercial terms of the LNG sales contracts to the relative cost of supply. Falling oil prices have decreased the price of LNG in the traditionally oil-linked price markets of Asia. A lower cost of LNG will increase the demand for gas, especially in the power generation sector. New gas supplies would be required to meet increased demand, but the new supply must be at a competitive cost. The market price

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13

Duarte, Margarida, and Diego Restuccia. "Relative Prices and Sectoral Productivity." Journal of the European Economic Association 18, no. 3 (2019): 1400–1443. http://dx.doi.org/10.1093/jeea/jvz022.

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Abstract The relative price of services rises with development. A standard interpretation of this fact is that productivity differences across countries are larger in manufacturing than in services. The service sector comprises heterogeneous categories and we document that many disaggregated service categories feature a negative income elasticity of relative prices. We divide service industries into two broad categories based on the income gradient of its relative price: traditional services with positive income elasticities and nontraditional services with negative income elasticities of rela

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14

Muhammad Mohsin, Hasan, and Scott Gilbert. "The Relative City Price Convergence in Pakistan: Empirical Evidence from Spatial GLS." Pakistan Development Review 49, no. 4II (2010): 439–48. http://dx.doi.org/10.30541/v49i4iipp.439-448.

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It is evident from general experience that price of same good may differ considerably among countries, regions, cities in same country and even adjacent shopping malls and outlets. It is also common knowledge that stronger competitive forces and information about market price tend to ensure convergence of prices. In the presence of these forces price differentials cannot be persistent and are hence short lived. The recent literature on price convergence has focused on country studies using regional commodity prices and Consumer Price Index (CPI) data.1 The analysis of relative prices or real e

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15

Lian, Weicheng, Natalija Novta, Evgenia Pugacheva, Yannick Timmer, and Petia Topalova. "The Price of Capital Goods." IMF Working Papers 19, no. 134 (2019): 1. http://dx.doi.org/10.5089/9781498317429.001.

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Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and dee

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16

Rogers, John Harold. "Price Level Convergence, Relative Prices, and Inflation in Europe." International Finance Discussion Paper 2001, no. 699 (2001): 1–38. http://dx.doi.org/10.17016/ifdp.2001.699.

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17

Reis, Ricardo, and Mark W. Watson. "Relative Goods' Prices, Pure Inflation, and The Phillips Correlation." American Economic Journal: Macroeconomics 2, no. 3 (2010): 128–57. http://dx.doi.org/10.1257/mac.2.3.128.

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This paper uses a dynamic factor model for the quarterly changes in consumption goods' prices in the United States since 1959 to separate them into three independent components: idiosyncratic relative-price changes, a low-dimensional index of aggregate relative-price changes, and an index of equiproportional changes in all inflation rates that we label “pure” inflation. We use the estimates to answer two questions. First, what share of the variability of inflation is associated with each component, and how are they related to conventional measures of monetary policy and relative-price shocks?

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18

Sulewski, Piotr, and Jacek Białek. "Probability Distribution Modeling of Scanner Prices and Relative Prices." Statistika: Statistics and Economy Journal 102, no. 3 (2022): 282–98. http://dx.doi.org/10.54694/stat.2022.14.

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The article deals with the problem of the proper selection of the theoretical distribution to describe the empirical distribution of scanner prices. In the empirical study we use scanner data from one retail chain in Poland, i.e. monthly data on natural yoghurt, drinking yoghurt, long grain rice and coffee powder sold in 212 outlets in January and February 2022. Prices and price relatives were modeled using selected ten probability distributions with non-negative support, including two, three and four-parameter family of distributions In addition to the visual assessment in the form of empiric

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19

Curry, David J., and Peter C. Riesz. "Prices and Price/Quality Relationships: A Longitudinal Analysis." Journal of Marketing 52, no. 1 (1988): 36–51. http://dx.doi.org/10.1177/002224298805200104.

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Though price and quality are recognized as important tactical and strategic variables for a marketing manager, few empirical data are available on the behavior of price or the correspondence between price and quality over time. The authors report results for three hypotheses derived from product life cycle theory, dynamic pricing policy, and economic information theory about price trends, price convergence, and the correspondence between price and quality among brands in 62 durable product forms. Results strongly confirm the hypotheses that prices converge as well as decrease in real terms. Th

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20

Outreville, Jean François. "Reputation and relative price positioning of small wineries in Québec, Canada." International Journal of Wine Business Research 32, no. 2 (2019): 267–82. http://dx.doi.org/10.1108/ijwbr-07-2018-0031.

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Purpose In a highly competitive market, the price of wine is a variable controlled by suppliers to suggest a level of quality. An index of relative firm position in the market based on relative prices is calculated for a sample of wine producers. The purpose of the paper is to analyze some of the factors related to the characteristics of a firm and quality that may explain the price strategy of wine producers in a new and small wine region, i.e. Québec province in Canada. Design/methodology/approach Data on types of wines and prices are collected from a sample of 40 small wine producers in Qué

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21

De Masi, Paula, and Vincent Koen. "Relative Price Convergence in Russia." IMF Working Papers 95, no. 54 (1995): 1. http://dx.doi.org/10.5089/9781451847468.001.

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22

Ruge-Murcia, Francisco, and Alexander L. Wolman. "Relative Price Shocks and Inflation." Federal Reserve Bank of Richmond Working Papers 22, no. 07 (2022): 1–39. http://dx.doi.org/10.21144/wp22-07.

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23

Masi, Paula De, and Vincent Koen. "Relative Price Convergence in Russia." Staff Papers - International Monetary Fund 43, no. 1 (1996): 97. http://dx.doi.org/10.2307/3867354.

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24

Hartman, Richard. "Relative Price Variability and Inflation." Journal of Money, Credit and Banking 23, no. 2 (1991): 185. http://dx.doi.org/10.2307/1992776.

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25

Mahmood, Tallat, and Shaheen A. Butt. "Relative Price Variability and Inflation." Pakistan Development Review 25, no. 4 (1986): 873–87. http://dx.doi.org/10.30541/v25i4pp.873-887.

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Inflation in an economy reflects the phenomenon of an overall rise in prices. This rise in prices is mainly determined by the excess demand of many individual goods which prevails in the market [6]. But, if the prices of one group of commodities are moving in one direction and those of another group in a different direction (or even in the same direction but at a markedly different pace), then the concept of overall inflation in an economy becomes vague for any economic analysis.

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26

Bakhshi, Hasan. "Inflation and relative price variability." Economics Letters 76, no. 1 (2002): 27–33. http://dx.doi.org/10.1016/s0165-1765(02)00031-9.

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27

Eden, Benjamin. "Inflation and relative price variability." Economics Letters 44, no. 1-2 (1994): 119–21. http://dx.doi.org/10.1016/0165-1765(93)00294-x.

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28

Pagano, Marco. "Relative price variability and inflation." European Economic Review 29, no. 2 (1985): 193–223. http://dx.doi.org/10.1016/0014-2921(85)90052-2.

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29

Carlson, John A., and David W. Findlay. "Relative price dispersion and unemployment." Journal of Macroeconomics 13, no. 1 (1991): 69–81. http://dx.doi.org/10.1016/0164-0704(91)90031-o.

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30

Aldrich, Eric M., and Seung Lee. "Relative spread and price discovery." Journal of Empirical Finance 48 (September 2018): 81–98. http://dx.doi.org/10.1016/j.jempfin.2018.06.007.

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31

Ram, Rati. "Inflation and relative-price variability." Economics Letters 28, no. 2 (1988): 141–46. http://dx.doi.org/10.1016/0165-1765(88)90104-8.

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32

Kaparakis, Emmanuel I., George M. Katsimbris, and Stephen M. Miller. "Inflation and relative price variability." Economics Letters 33, no. 1 (1990): 47–53. http://dx.doi.org/10.1016/0165-1765(90)90199-b.

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33

Neumann, Manfred J. M., and Jürgen von Hagen. "Inflation and Relative Price Risk." Journal of Contextual Economics – Schmollers Jahrbuch 105, no. 2-3 (1985): 169–92. http://dx.doi.org/10.3790/schm.105.2-3.169.

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34

Epperson, Anna E., Trent O. Johnson, Nina C. Schleicher, and Lisa Henriksen. "The Price of Natural American Spirit Relative to Other Cigarette Brands." Nicotine & Tobacco Research 21, no. 12 (2019): 1715–20. http://dx.doi.org/10.1093/ntr/ntz018.

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Abstract Introduction American Spirit cigarettes feature American Indian/Alaska Native (AI/AN) imagery in the branding and are marketed as environmentally friendly, without additives, and four varieties contain organic tobacco. This study is the first to examine retail price of American Spirit relative to other cigarette brands and to assess how its price varies by neighborhood demography. Methods In a random sample of licensed tobacco retailers (n = 1277), trained data collectors recorded availability and price of American Spirit, Pall Mall, Newport, Marlboro, and the cheapest cigarettes rega

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Prasad, Rahul Neal, Trevor Joseph Royce, and Shang-Jui Wang. "Lack of price transparency for prostate-directed radiation therapy relative to radical prostatectomy." Journal of Clinical Oncology 40, no. 16_suppl (2022): 1579. http://dx.doi.org/10.1200/jco.2022.40.16_suppl.1579.

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1579 Background: For patients with low to favorable-intermediate risk prostate cancer (PC), management with active surveillance, radical prostatectomy (RP), external beam radiation therapy (EBRT), and brachytherapy (BT) are all National Cancer Center Network-supported definitive monotherapy options. Because therapy is non-urgent and choosing therapy can be complex, patients routinely seek second opinions and cost can be an important consideration. Recent federal price transparency (PT) guidance requires hospitals to provide payer-negotiated prices for ≥300 common services in a “shoppable,” use

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Prasad, Rahul Neal, Trevor Joseph Royce, and Shang-Jui Wang. "Lack of price transparency for prostate-directed radiation therapy relative to radical prostatectomy." Journal of Clinical Oncology 40, no. 16_suppl (2022): 1579. http://dx.doi.org/10.1200/jco.2022.40.16_suppl.1579.

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1579 Background: For patients with low to favorable-intermediate risk prostate cancer (PC), management with active surveillance, radical prostatectomy (RP), external beam radiation therapy (EBRT), and brachytherapy (BT) are all National Cancer Center Network-supported definitive monotherapy options. Because therapy is non-urgent and choosing therapy can be complex, patients routinely seek second opinions and cost can be an important consideration. Recent federal price transparency (PT) guidance requires hospitals to provide payer-negotiated prices for ≥300 common services in a “shoppable,” use

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37

Alessandria, George. "CONSUMER SEARCH, PRICE DISPERSION, AND INTERNATIONAL RELATIVE PRICE FLUCTUATIONS." International Economic Review 50, no. 3 (2009): 803–29. http://dx.doi.org/10.1111/j.1468-2354.2009.00549.x.

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38

Guan, Xiaodong, Haishaerjiang Wushouer, Mingchun Yang, et al. "Influence of government price regulation and deregulation on the price of antineoplastic medications in China: a controlled interrupted time series study." BMJ Open 9, no. 11 (2019): e031658. http://dx.doi.org/10.1136/bmjopen-2019-031658.

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BackgroundIn October 2012, the Chinese government established maximum retail prices for specific products, including 30 antineoplastic medications. Three years later, in June 2015, the government abolished price regulation for most medications, including all antineoplastic medications. This study examined the impacts of regulation and subsequent deregulation of prices of antineoplastic medications in China.MethodsUsing hospital procurement data and an interrupted time series with comparison series design, we examined the impacts of the policy changes on relative purchase prices (Laspeyres pric

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Gnidchenko, A., and V. Salnikov. "Russian foreign trade price competitiveness." Voprosy Ekonomiki, no. 1 (January 20, 2014): 108–29. http://dx.doi.org/10.32609/0042-8736-2014-1-108-129.

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We examine export and import prices for Russian commodities relative to world prices during 2002—2011 across aggregated and disaggregated commodity groups. We also propose an aggregated export price competitiveness index as a tool of monitoring quality dynamics and a composite price competitiveness rating by commodity groups.

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40

Caskey, Judson, John S. Hughes, and Jun Liu. "Strategic Informed Trades, Diversification, and Expected Returns." Accounting Review 90, no. 5 (2015): 1811–37. http://dx.doi.org/10.2308/accr-51026.

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ABSTRACT We examine how strategic trade affects expected returns in a large economy. In our model, both a monopolist (strategic) informed trader and uninformed traders consider the impact of their demands on prices. In contrast to settings with price-taking traders, private information never eliminates a priced risk, and can lead to higher risk premiums. Also unlike settings with price-taking informed traders, risk premiums decrease in response to an increase in liquidity-motivated trades in diversified portfolios. These differing effects arise because a privately informed strategic trader con

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41

Smith, Lawrence B., and Michael H. C. Ho. "The Relative Price Differential between Higher and Lower Priced Homes." Journal of Housing Economics 5, no. 1 (1996): 1–17. http://dx.doi.org/10.1006/jhec.1996.0001.

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42

Yun, Tack. "Optimal Monetary Policy with Relative Price Distortions." American Economic Review 95, no. 1 (2005): 89–109. http://dx.doi.org/10.1257/0002828053828653.

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This paper analyzes optimal monetary policy in a sticky price model with Calvo-type staggered price-setting. In the paper, the optimal monetary policy maximizes the expected utility of a representative household without having to rely on a set of linearly approximated equilibrium conditions, given the distortions associated with the staggered price-setting. It shows that the complete stabilization of the price level is optimal in the absence of initial price dispersion, while optimal inflation targets respond to changes in the level of relative price distortion in the presence of initial price

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Luppold, William G., and Jeffrey P. Prestemon. "Tests for Long-Run Relationships in Hardwood Lumber Prices." Forest Science 49, no. 6 (2003): 918–27. http://dx.doi.org/10.1093/forestscience/49.6.918.

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Abstract Hardwood lumber prices are unique because of the large number of marketable species and variability of prices across species. Previous research showed that long-run fashion decisions regarding species selection may be influenced by price, so the interaction between fashion and species price may act to keep prices (hence, demand) of different hardwood species together in the long run. To test this hypothesis, we examined the joint lumber price behavior of six major hardwood species representing different appearance characteristics in the Appalachian hardwood region. Bivariate and multi

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Li, Shuangjie, Xuefeng Hu, and Liming Wang. "Could the Stock Market Adjust Itself? An Empirical Study Based on Mean Reversion Theory." Journal of Systems Science and Information 8, no. 2 (2020): 97–115. http://dx.doi.org/10.21078/jssi-2020-097-19.

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AbstractThis paper mainly studies whether and how stock prices fluctuate around their intrinsic values. Based on data from 10 stock markets for the period between 2000 and 2018, we demonstrate that the relative price fluctuates around and approaches the intrinsic value in the long term. For the ten markets, the relative price crosses the intrinsic value on average once in 3 ∼ 4 years. Profitability growth is a key factor in rising stock prices, but the level of valuations in the market has a regulatory effect to the growth of price in the future: For every 1 % increase in valuation, the price

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Blavin, Fredric, and John Holahan. "Potential Factors Associated With Commercial-to-Medicare Relative Prices at the Substate Level." JAMA Health Forum 6, no. 7 (2025): e251640. https://doi.org/10.1001/jamahealthforum.2025.1640.

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ImportanceThere is a growing consensus that commercial prices vary in ways that do not reflect quality of care and are a key factor in high health care spending in the US.ObjectiveTo assess the geographic variation in commercial prices relative to Medicare rates for both hospital and professional services at the state and substate levels, estimate the change in these prices and determine which characteristics are associated with higher hospital prices.Design, Setting, and ParticipantsThis cross-sectional study analyzed deidentified aggregated health care claims data for 2 time frames of servic

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Makarov, Igor, and Antoinette Schoar. "Price Discovery in Cryptocurrency Markets." AEA Papers and Proceedings 109 (May 1, 2019): 97–99. http://dx.doi.org/10.1257/pandp.20191020.

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We ask which markets drive bitcoin prices and how price discovery happens across different exchanges. Does the greater exuberance for cryptocurrencies outside the United States affect prices only on local markets or does it impact price formation on global cryptocurrency markets? We document significant heterogeneity in which price formation happens across exchanges and time. When markets are more integrated, shocks to prices on all exchanges contribute to price discovery. However, when markets become segmented, those exchanges that have large arbitrage spreads relative to the US price, i.e. w

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Lambert, David K., and Jian Gong. "Dynamic Adjustment of U.S. Agriculture to Energy Price Changes." Journal of Agricultural and Applied Economics 42, no. 2 (2010): 289–301. http://dx.doi.org/10.1017/s1074070800003461.

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Energy prices increased significantly following the first energy price shock of 1973. Agricultural producers found few short run substitution possibilities as relative factor prices changed. Inelastic demands resulted in total expenditures on energy inputs that have closely followed energy price changes over time. A dynamic cost function model is estimated to derive short and long run adjustments within U.S. agriculture between 1948 and 2002 to changes in relative input prices. The objective is to measure the degree of farm responsiveness to energy price changes and if this responsiveness has

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48

Kern, David M., Amy H. Auchincloss, Lance S. Ballester, and Lucy F. Robinson. "Neighbourhood variation in the price of soda relative to milk and its association with neighbourhood socio-economic status and race." Public Health Nutrition 19, no. 18 (2016): 3386–96. http://dx.doi.org/10.1017/s1368980016001579.

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AbstractObjectiveSoda consumption is high in the USA, especially among minorities and individuals of lower socio-economic status (SES); this may be due to its affordable price in relation to healthier alternatives. The objective of the present study was to examine geospatial variation in price of milk and soda, and the price of milk relative to soda, by neighbourhood SES and proportion of Hispanic and black individuals.DesignRetailer soda and milk prices (n 2987; Information Resources, Inc. Academic Data Set 2004–2011) were linked to census block group sociodemographic characteristics (America

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Lee, Seung Hwan (Shawn). "An Exploration of Initial Purchase Price Dispersion and Service-Subscription Duration." Sustainability 11, no. 9 (2019): 2481. http://dx.doi.org/10.3390/su11092481.

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Despite the readily available consumer price information, price dispersion persists for products and services and has been extensively researched. However, there is scant literature on the influence of price dispersion on consumer behavior. The present study uses actual consumer purchase data of software service subscriptions and applies range–frequency principles to investigate how a customer’s price and relative position along a distribution at initial subscription might impact their subscription lifetimes. The study findings reveal that, in general, consumers paying higher initial prices re

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Adam, Klaus, and Henning Weber. "Estimating the Optimal Inflation Target from Trends in Relative Prices." American Economic Journal: Macroeconomics 15, no. 3 (2023): 1–42. http://dx.doi.org/10.1257/mac.20200320.

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Abstract:

We derive closed-form expressions for the optimal inflation target under Calvo and menu-cost frictions in a model featuring a product life cycle and multiple sources of heterogeneity across goods. We show that both frictions deliver the same optimal target and how it can be estimated from observed trends in relative prices. Using micro price data underlying the CPI in the United Kingdom, we document that relative prices fall over the product lifetime in most expenditure items. This causes the optimal inflation target to be positive, with our baseline estimate for the United Kingdom being equal

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