Price dynamics and market segmentation

Mustafa Caglayan () and Alpay Filiztekin

Economics Letters, 2015, vol. 134, issue C, 94-97

Abstract: Scrutinizing hundreds of TAR models, we examine the persistence of price dynamics across market segments. Using a unique dataset of monthly actual product prices of 47 items collected from three different market segments in Istanbul over 1993:01–2008:12, we provide evidence that the extent of price persistence differs across market segments while the half-life estimates do not.

Keywords: Persistence; Nonlinearity; TAR models; Market segmentation (search for similar items in EconPapers)
JEL-codes: C23 E31 F30 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:134:y:2015:i:c:p:94-97

DOI: 10.1016/j.econlet.2015.06.022

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