Price convergence and market integration in Russia

Investigating Market Integration and Price Transmission of Different Rice Qualities in Iran

Rice production in most of Asian countries has been increased more rapidly than population and this has been led to increase in supply and proportionately decrease in the real price of rice in world and domestic markets. Furthermore, together with growth in production and national gross income of the country per-capita income has been increased and also demand for rice at national and internati...

Market Structure and Price Adjustment in the Iranian Tea Market

Herding and Price Convergence in a Laboratory Financial Market

We study whether herding can arise in a laboratory financial market in which agents trade sequentially. Agents trade an asset whose value is unknown and whose price is efficiently set by a market maker. We show that the presence of a price mechanism destroys the possibility of herding. Most agents follow their private information and prices converge to the fundamental value. This result contras...

Competition, Price and Organizational Form: a Test of Price Convergence in the Hmo Market

In recent years, for-profit (FP) firms have replaced nonprofit (NP) organizations as the most prevalent form of health maintenance organization (HMO). In this paper, we provide empirical evidence on the pricing practices of both organizational forms. We theorize that nonprofit HMOs derive utility from conduct that increases their marginal cost above the minimum level. They exhibit this conduct ...

Augmented Dickey Fuller and Johansen Co-integration Tests of Oil Price Volatility and Stock Price in Emerging Capital Market: A Case of Nigeria

Generally, high oil prices slow economic growth, cause inflationary pressures and creates global imbalances. In addition, oil price volatility increase uncertainty and restrain the much-needed investment in the capital market. Thus, this paper applies the Augmented Dickey Fuller and Johansen Co-integration Tests in which the effect of oil price volatility, crude oil price and stock price is ana...