Thick markets, market competition and pr
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Kostas Axarloglou
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Article
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2007
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John Wiley and Sons
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English
β 146 KB
## Abstract By using storeβlevel transaction price data for books in Ann Arbor, Michigan, and music CDs in Natick, Massachusetts, the implications of thick markets and the intensity of market competition on price markups and the synchronization in price adjustments are empirically tested. The data