Price dynamics and market segmentation

Mustafa Caglayan; Alpay Filiztekin

doi:10.1016/j.econlet.2015.06.022

Price dynamics and market segmentation

Mustafa Caglayan, Alpay Filiztekin^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

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

Original language	English
Pages (from-to)	94-97
Number of pages	4
Journal	Economics Letters
Volume	134
Early online date	7 Jul 2015
DOIs	https://doi.org/10.1016/j.econlet.2015.06.022
Publication status	Published - Sept 2015

Keywords

Persistence
Nonlinearity
TAR models
Market segmentation
INFLATION

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title = "Price dynamics and market segmentation",

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

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AB - 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.

KW - Persistence

KW - Nonlinearity

KW - TAR models

KW - Market segmentation

KW - INFLATION

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U2 - 10.1016/j.econlet.2015.06.022

DO - 10.1016/j.econlet.2015.06.022

M3 - Article

SN - 0165-1765

VL - 134

SP - 94

EP - 97

JO - Economics Letters

JF - Economics Letters

ER -

Price dynamics and market segmentation

Abstract

Keywords

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