Waterside properties – the financial ups and downs.

The question : ‘If your house is at risk of flooding, does that make it worth less?’ – has been answered by investigators at the Department of Economics, East Carolina University, US. The research team used a Semiparametric Hedonic Price Function Model combined with Geographic Information System data on National Flood Insurance Program flood zones […]

The epic endurance of nickel-a-bottle Coca-Cola

An economics paper explains, perhaps, the epic endurance of nickel-a-bottle Coca-Cola: “‘The real thing’: nominal price rigidity of the nickel Coke, 1886-1959“, Daniel Levy and Andrew Young, Journal of Money, Credit and Banking, (2004). (Thanks to Sandeep Baliga for bringing this to our attention.) Levy and Young write: We report that the price of a 6.5oz […]

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