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One TV, One Price?Jean M. ImbsParis School of Economics (PSE); Centre for Economic Policy Research (CEPR); Swiss Finance Institute Haroon MumtazUniversity of London - Faculty of Social Sciences Morten O. RavnEuropean University Institute - Economics Department (ECO); London Business School - Department of Economics; University of Southampton; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER) Hélène Reyaffiliation not provided to SSRN Scandinavian Journal of Economics, Vol. 112, No. 4, pp. 753-781, December 2010 Abstract: We study television prices across European countries and regions. Quality as measured by observable characteristics of televisions accounts for a large share of the international dispersion in prices. Rich economies tend to consume higher-quality goods, but sizeable international price differentials exist even for identical televisions. The valuation of brands differs significantly across borders. EMU countries display lower price dispersion but not necessarily because of the single currency. Absolute price differentials and relative price volatility increase with exchange rate volatility, but not with transport costs. Exchange rate pass-through is low in the short run but high in the long run.
Number of Pages in PDF File: 29 Accepted Paper SeriesDate posted: November 16, 2010Suggested CitationContact Information
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