| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5019 |
| DP5019 Stochastic Optimization and Worst Case Analysis in Monetary Policy Design | |
| Berc Rustem; Volker Wieland; Stan Zakovic | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | While many studies have documented deviations from the Law of One Price in international settings, evidence is scarce on the extent to which consumers take advantage of price differentials and engage in cross border shopping. We use data from 287 Swedish municipalities to estimate how responsive alcohol sales are to foreign prices, and relate the sensitivity to the location?s distance to the border. Typical results suggest that the elasticity with respect to the foreign price is around 0.4 in the border region; moving 200 (400) kilometres inland reduces it to 0.2 (0.1). Given that cross-country price differences for alcohol and other products are often caused by taxes, our evidence has implications for the debate on tax competition/harmonization. |
| 主题 | International Macroeconomics ; Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Law of one price Tax competition Tax harmonization Cross border shopping European integration |
| URL | https://cepr.org/publications/dp5019 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533917 |
| 推荐引用方式 GB/T 7714 | Berc Rustem,Volker Wieland,Stan Zakovic. DP5019 Stochastic Optimization and Worst Case Analysis in Monetary Policy Design. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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