Consuming price differences persist among eight Texas cities
研究发现2000年代德克萨斯州八个城市间同一产品的消费价格差异显著增大,其中达拉斯最贵,但价格调整机制使相对价格快速回归均值。
The differences in what consumers pay for a given product in eight Texas cities increased considerably in the 2000s?Dallas being by far the most expensive city in the sample. A strong price adjustment mechanism, however, ensures that the relative price between any two Texas locations tended to rapidly revert to its mean value