Price dynamics and market segmentation

Mustafa Caglayan, Alpay Filiztekin

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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 - Sep 2015


  • Persistence
  • Nonlinearity
  • TAR models
  • Market segmentation

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