Consuming price differences persist among eight Texas cities

Michele Ca' Zorzi, Chi-Young Choi and Alexander Chudik

Economic Letter, 2014, vol. 9, issue 14, 4 pages

Abstract: The differences in what consumers pay for a given product in eight Texas cities increased considerably in the 2000s?Dallas being by far the most expensive city in the sample. A strong price adjustment mechanism, however, ensures that the relative price between any two Texas locations tended to rapidly revert to its mean value

Date: 2014
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