Purpose: To respond to issues posed in the four commentaries on Armstrong, Du, Green and Graefe (this issue) regarding the immediate usefulness of that paper’s test of advertisements’ compliance with persuasion principles, and regarding the need for further research. Approach: Address...

Big cities often witness land price outgrowing structure price. For such cities this paper derives two predictions regarding the dynamics between house price, rent and structure age. First, older houses have a higher price growth rate than younger ones, even after controlling for location and...

Big cities often witness land price outgrowing structure price. For such cities this paper derives two predictions regarding the dynamics between house prices, rent and structure age. First, older houses have a higher price growth rate than young ones, even after controlling for location and...

While the cost of extreme temperature on production is well documented, little is known about its impact on consumption, a prevailing measure of welfare. Using micro shopping data, we report that an additional hot day in a week reduces an average household’s weekly retail consumption by 1%....