Using a unique data set on store-level monthly prices of four homogenous products sold in Israel, I study the existence and characteristics of the dispersion of

The Internet has changed the nature of doing business as well as the nature of competition in many industries. Consumers are more empowered than ever with valua

This paper empirically investigates and theoretically derives the implications of two frictions, market friction and nominal rigidity, on the dynamic properties

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax reco

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Becau