Economist has traditionally been skeptical about the potential effects of place-based policies. Some authors (see, e.g., Overman and Nathan, 2013, and Kline and Moretti, 2014) argued that place-based policies are an imperfect solution to deal with social problems, for many reasons. First,...

The main contribution of this work consist on studying sales behaviour and their relationship with local market conditions like labor market indicators through a time series principal component analysis. We study the correlation structure of a large database on prices and found that all product...

We offer a new mechanism for prices to deviate from the Law of One Price. If stores differ in the varieties offered in a given product category, prices diverge more often regardless of distance. A simple extension to the Hotelling (1929) explains this result. To have one difference in variety in...