Price dynamics and market segmentation

Mustafa Caglayan, Alpay Filiztekin*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    1 Citation (Scopus)
    258 Downloads (Pure)


    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. (C) 2015 Elsevier B.V. All rights reserved.

    Original languageEnglish
    Pages (from-to)94-97
    Number of pages4
    JournalEconomics Letters
    Early online date7 Jul 2015
    Publication statusPublished - Sept 2015


    • Persistence
    • Nonlinearity
    • TAR models
    • Market segmentation


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