• Article  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2016)
      A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...
    • Article  

      Hedonic Price Analysis and Selectivity Bias: Water Salinity and Demand for Land 

      Koundouri, Phoebe; Pashardes, Panos (2003)
      Hedonic valuation of quality attributes can be misleading when the assumption that these attributes are exogenous to sample selection is violated. This paper considers the simultaneity between hedonic valuation and sample ...
    • Article  

      Immigration and international prices 

      Zachariadis, Marios (2012)
      This paper considers the relation between immigration and prices in a number of countries across the world over the period from 1990 to 2006. Immigration is shown to have a negative impact on international relative prices. ...
    • Article  

      On modelling speculative prices: the empirical literature 

      Andreou, Elena; Pittis, Nikitas; Spanos, Aris (2001)
      Traditionally, financial theory and in particular asset pricing models have assumed (implicitly or explicitly) a certain probabilistic structure for speculative prices. The probabilistic structure is usually defined in ...