Yazgan, Ege2021-06-172021-06-172011-020165-1765https://hdl.handle.net/11411/3808https://doi.org/10.1016/j.econlet.2010.10.013This paper tests the bilateral price-level convergence among 52 U.S. cities at the good level by using a new econometric approach. The estimated median half lives are far below the half lives found in the corresponding studies for the U.S. © 2010 Elsevier B.V.eninfo:eu-repo/semantics/openAccessConvergenceMicro-level pricesPPP puzzleArticle2-s2.0-7864979044610.1016/j.econlet.2010.10.013Q2WOS:000288309200002