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BER WORKING PAPER SERIESEQUILIBRIUM PRICE DYNAMICS IN PERISHABLE GOODS MARKETS:
THE CASE OF SECONDARY MARKETS FOR MAJOR LEAGUE BASEBALL TICKETS
Andrew Sweeping
Working Paper 14505
http://www.nber.org/papers/w14505NATIONAL
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Understand the concept of equilibrium price: Before filling out the dynamics, make sure you understand what equilibrium price is and how it is determined.
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Equilibrium price dynamics refers to the changes and fluctuations in the price of goods or services that occur when supply and demand are balanced in a market. It illustrates how prices adjust to bring about market equilibrium.
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Entities involved in trading goods or services, market analysts, and regulatory bodies may be required to file equilibrium price dynamics, particularly if they are mandated by market regulations or involved in significant price-setting activities.
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The purpose of equilibrium price dynamics is to provide insights into market behavior, help in monitoring price stability, facilitate regulatory oversight, and inform stakeholders about market conditions and potential interventions.
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Information that must be reported typically includes details on pricing trends, supply and demand figures, time frames of analysis, and any factors influencing price changes in a given market.
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