Exaggerated death of distance: Revisiting distance effects on regional price dispersions

Kazuko Kano, Takashi Kano*, Kazutaka Takechi

*この研究の対応する著者

研究成果: Article査読

18 被引用数 (Scopus)

抄録

This paper empirically establishes the significant roles of transport costs in price dispersions across regions. We identify and estimate the iceberg-type distance-elastic transport costs as a parameter of a structural model of cross-regional price differentials featuring product delivery decisions. Utilizing a data set of wholesale prices and product delivery patterns of agricultural products in Japan, our structural estimation approach finds large distance elasticities of the transport costs. The result confirms that geographical barriers are an economically significant contributor to the failures of the law of one price.

本文言語English
ページ(範囲)403-413
ページ数11
ジャーナルJournal of International Economics
90
2
DOI
出版ステータスPublished - 2013 7月
外部発表はい

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学

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