WEKO3
アイテム
Exaggerated Death of Distance : Revisiting Distance Effects on Regional Price Dispersions
http://hdl.handle.net/2261/38090
http://hdl.handle.net/2261/38090d624a5fd-055a-442b-b252-7889ec700bd3
| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2017-01-17 | |||||
| タイトル | ||||||
| タイトル | Exaggerated Death of Distance : Revisiting Distance Effects on Regional Price Dispersions | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Law of one price | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Regional price dispersion | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Transportation cost | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Geographical distance | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Agricultural wholesale price | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Sample-selection bias | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL Classification Number : F11, F14, F41 | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| アクセス権 | ||||||
| アクセス権 | metadata only access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
| 著者 |
Kano, Kazuko
× Kano, Kazuko× Kano, Takashi× Takechi, Kazutaka |
|||||
| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 98641 | |||||
| 姓名 | 加納, 和子 | |||||
| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 98642 | |||||
| 姓名 | 加納, 隆 | |||||
| 著者別名 | ||||||
| 識別子Scheme | WEKO | |||||
| 識別子 | 98643 | |||||
| 姓名 | 武智, 一貴 | |||||
| 著者所属 | ||||||
| 著者所属 | School of Finance and Economics The University of Technology Sydney | |||||
| 著者所属 | ||||||
| 著者所属 | Graduate School of Economics The University of Tokyo | |||||
| 著者所属 | ||||||
| 著者所属 | Faculty of Economics Hosei University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | Past studies in the literature of the law of one price (LOP) show statistically significant but economically subtle roles of geographical distance in regional price dispersions. In this paper, we challenge this empirical "death of distance" as a primary source of LOP violations investigating a unique daily data set of wholesale prices of agricultural products in Japan that enables us to identify source regions and observe product-delivery patterns to consuming regions. We build a simple structural model to explain the observed product-delivery patterns and argue that ignoring the underlying delivery choice results in a serious under-bias toward inferences on distance effects on regional price dispersions due to sample selection. Estimating a sample-selection model, on which theoretical restrictions of our structural model are imposed, with data of several agricultural products, we find quite large estimates of the distance elasticity of price differential compared with conventional estimates. This paper, hence, provides evidence that conventional estimates of the distance elasticity could be heavily biased downwards and spuriously underestimate the role transportation costs play in regional price dispersions and LOP violations. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | Revised in May 2012; revised for publication in the Journal of International Economics. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 本文フィルはリンク先を参照のこと | |||||
| 書誌情報 |
Discussion paper series. CIRJE-F 巻 CIRJE-F-760, 発行日 2010-09 |
|||||
| 書誌レコードID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AA11450569 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 335 | |||||
| 出版者 | ||||||
| 出版者 | 日本経済国際共同センター | |||||
| 出版者別名 | ||||||
| Center for International Research on the Japanese Economy | ||||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf760ab.html | |||||
