This paper focuses on a new strand of research that uses stochastic approach for making
spatial price comparisons. We propose a novel method to account for the presence of spatial …

Using a unique data set for 164 major Bitcoin (BTC) exchanges, we find that country
segmentation, cultural differences in inequality, dependence on others, emotional gender …

Trade costs contribute to price differentials across geographically separated regions.
However, when using price differential data, the identification of distance-elastic trade costs …

We quantify the magnitude of market segmentation in US consumer market and explore the
underlying factors behind this segmentation, using a quarterly panel of retail prices for 45 …

This note presents a procedure to construct lighter FDI gravity datasets. The standard
estimates using all potential dyads and many zeros are inefficient and present convergence …

The paper presents an analysis of the tariff equivalent (AVEs) of regulations in the services
sector, employing sectoral-level estimates derived from the gravity equation. Our findings …

Headquarters (HQs) provide a wide range of services, playing a fundamental role in Foreign
Direct Investment (FDI). We use the structural gravity equation to investigate the effect of …

This paper explores the impact of the adoption of inflation targeting (IT) on the dynamics of
city‐level inflation in Korea using both aggregate and sector‐level data. When looking at …

This paper empirically investigates and theoretically derives the implications of two frictions,
market friction and nominal rigidity, on the dynamic properties of intra-national relative …

The magnitude of deviations from the Law of One Price (LOP) across cities depends on a
number of characteristics, including language differences, distance, and other correlates of …