Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market

By P. Goldberg, Frank Verboven. 2001

468 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/28f82456335097f04a79f1508b0d27a85da466fe

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Citations in the corpus

Price Discrimination and Competition (2007, background): “…sample of papers and markets includes: Shepard (1991) – gasoline service stations, Graddy (1995) – fish market, Goldberg (1995), Verboven (1996), Goldberg and Verboven (2005) – European automobiles, Leslie (2004) – Broadway theater, Busse and Rysman (2005) – yellow pages advertising,…”
The Law of One Price: Evidence from the Transitional Economy of China (2006, unknown): “Using a panel data set of car prices in Europe , Goldberg and Verboven ( 2005 ) find strong evidence of convergence toward the LOP at relatively high speeds .”
Prices, Spatial Competition, and Heterogenous Producers: An Empirical Test (2007, unknown): “…research such as Sorensen (2000); Clay, Krishnan, and Wolff (2001); Goolsbee and Brown (2002); Chevalier and Goolsbee (2003); Baye, Morgan, and Scholten (2004); and Goldberg and Verboven (2005) has inferred consumers' substitution possibilities (or lack thereof) from observed price dispersion.”
Are Exporters More Likely to Introduce Product Innovations (2012, unknown): “in consumer tastes across countries due to cultural, geographic, ethnic and historical differences may represent an important incentive for firms that do export to introduce product innovations, that is to modify or improve their products to meet foreign needs (Goldberg and Verboven, 2005; Friberg e”
The European Union, the Euro, and Equity Market Integration (2010, background): “Goldberg and Verboven (2005) similarly document substantial price convergence in the EU’s car market throughout the nineties, although absolute price differentials persist until the end of their sample in 2000.”
Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing (2006, methodology): “…macroeconomic modeling would require testing a fully dynamic model of price setting that can identify the speed of adjustment.15 15 Marston (1990), Goldberg and Verboven (2005), Choudhri, Faruqee, and Hakura (2003), and Devereux and Yetman (2004) are examples of models that attempt to measure the…”
Currency Unions, Product Introductions, and the Real Exchange Rate* (2014, background): “Mussa (1986), using aggregate price indices, showed that RER volatility increased markedly with the breakdown of the Breton Woods system of fixed exchange rates.”