{"created":"2021-03-01T07:02:50.611226+00:00","id":42894,"links":{},"metadata":{"_buckets":{"deposit":"52c6312f-3ab1-4a06-ba52-87e1771d2f66"},"_deposit":{"id":"42894","owners":[],"pid":{"revision_id":0,"type":"depid","value":"42894"},"status":"published"},"_oai":{"id":"oai:repository.dl.itc.u-tokyo.ac.jp:00042894","sets":["62:7433:7434","9:7435:7436"]},"item_8_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2010-09","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"CIRJE-F-760","bibliographic_titles":[{"bibliographic_title":"Discussion paper series. CIRJE-F"}]}]},"item_8_description_13":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_description":"application/pdf","subitem_description_type":"Other"}]},"item_8_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"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.","subitem_description_type":"Abstract"}]},"item_8_description_6":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"Revised in May 2012; revised for publication in the Journal of International Economics.","subitem_description_type":"Other"},{"subitem_description":"本文フィルはリンク先を参照のこと","subitem_description_type":"Other"}]},"item_8_full_name_3":{"attribute_name":"著者別名","attribute_value_mlt":[{"nameIdentifiers":[{"nameIdentifier":"98641","nameIdentifierScheme":"WEKO"}],"names":[{"name":"加納, 和子"}]},{"nameIdentifiers":[{"nameIdentifier":"98642","nameIdentifierScheme":"WEKO"}],"names":[{"name":"加納, 隆"}]},{"nameIdentifiers":[{"nameIdentifier":"98643","nameIdentifierScheme":"WEKO"}],"names":[{"name":"武智, 一貴"}]}]},"item_8_publisher_20":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"日本経済国際共同センター"}]},"item_8_relation_25":{"attribute_name":"関係URI","attribute_value_mlt":[{"subitem_relation_type_id":{"subitem_relation_type_id_text":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf760ab.html","subitem_relation_type_select":"URI"}}]},"item_8_source_id_10":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_source_identifier":"AA11450569","subitem_source_identifier_type":"NCID"}]},"item_8_subject_15":{"attribute_name":"日本十進分類法","attribute_value_mlt":[{"subitem_subject":"335","subitem_subject_scheme":"NDC"}]},"item_8_text_21":{"attribute_name":"出版者別名","attribute_value_mlt":[{"subitem_text_value":"Center for International Research on the Japanese Economy"}]},"item_8_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"School of Finance and Economics The University of Technology Sydney"},{"subitem_text_value":"Graduate School of Economics The University of Tokyo"},{"subitem_text_value":"Faculty of Economics Hosei University"}]},"item_access_right":{"attribute_name":"アクセス権","attribute_value_mlt":[{"subitem_access_right":"metadata only access","subitem_access_right_uri":"http://purl.org/coar/access_right/c_14cb"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Kano, Kazuko"}],"nameIdentifiers":[{"nameIdentifier":"98638","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Kano, Takashi"}],"nameIdentifiers":[{"nameIdentifier":"98639","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Takechi, Kazutaka"}],"nameIdentifiers":[{"nameIdentifier":"98640","nameIdentifierScheme":"WEKO"}]}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Law of one price","subitem_subject_scheme":"Other"},{"subitem_subject":"Regional price dispersion","subitem_subject_scheme":"Other"},{"subitem_subject":"Transportation cost","subitem_subject_scheme":"Other"},{"subitem_subject":"Geographical distance","subitem_subject_scheme":"Other"},{"subitem_subject":"Agricultural wholesale price","subitem_subject_scheme":"Other"},{"subitem_subject":"Sample-selection bias","subitem_subject_scheme":"Other"},{"subitem_subject":"JEL Classification Number : F11, F14, F41","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"technical report","resourceuri":"http://purl.org/coar/resource_type/c_18gh"}]},"item_title":"Exaggerated Death of Distance : Revisiting Distance Effects on Regional Price Dispersions","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Exaggerated Death of Distance : Revisiting Distance Effects on Regional Price Dispersions"}]},"item_type_id":"8","owner":"1","path":["7436","7434"],"pubdate":{"attribute_name":"公開日","attribute_value":"2017-01-17"},"publish_date":"2017-01-17","publish_status":"0","recid":"42894","relation_version_is_last":true,"title":["Exaggerated Death of Distance : Revisiting Distance Effects on Regional Price Dispersions"],"weko_creator_id":"1","weko_shared_id":null},"updated":"2022-12-19T04:18:01.501724+00:00"}