# Prof. Johannes Stroebel's research on the connection between housing prices and retail prices is cited

1 Faculty News January 13, 2015 ![Citylab logo](/sites/default/files/styles/246w/public/assets/images/citylablogo_0.jpg?itok=m2XP-M92)>

Excerpt from [CityLab](http://www.citylab.com/housing/2015/01/what-14-cocktails-say-about-neighborhood-housing-prices/384469/) -- "It's one of those things that everybody already knows (or thinks they already know): Things cost more in more expensive neighborhoods. But arriving at proof without relying on assumptions is not so easy. The paper, coauthored by [Johannes Stroebel](http://www.stern.nyu.edu/faculty/bio/johannes-stroebel) at New York University and Joseph Vavra at the University of Chicago, demonstrates 'direct causal evidence on the response of household shopping behavior and retail price-setting to changes in wealth and demand.'"

[Read more](http://www.citylab.com/housing/2015/01/what-14-cocktails-say-about-neighborhood-housing-prices/384469/)