The law of one price: conditional convergence evidence from disaggregated data[J] . Peter Egger,Stephan Gruber,Michael Pfaffermayr.Applied Economics . 2009 (26)Egger P., Gruber S., and M. Pfaffermayr. 2009. "The law of one price: conditional convergence evidence from disaggregated data," ...
law of one pricearbitrageSeveral articles find no support for the LOP in commodity markets. A few articles find some support. Rejecting the LOP would strike at the heart of economic theory. Rejection would suggest that firms do not maximize wealth and households do not maximize utility. Our ...
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has its origins in the law of one price (LOP). The LOP argues that an identical good (or service) should sell at the same price in different countries once converted to a common currency. The basic argument is that arbitrage puts pressure on prices to converge. The LOP considers one, id...
A revised test of the law of one price using rational price expectations 1990, American Journal of Agricultural Economics View all citing articles on Scopus☆ I am grateful to my colleague Peter Schmidt and to an anonymous referee for useful comments.View...
a few articles support effective arbitrage and the LOP. Using longer intervalsand a wider variety of commodities than ever before, this paper provides evenstronger support for effective commodity arbitrage and the Law of One Price. In addition, for the first time, it uses commodity auction prices...
This includes the overall layout of the offer and the relationship of the sign in suit to the manufacturer’s or umbrella brand and further article designations such as price, size, product description and delivery modalities. Nevertheless, the guidelines developed by the German Federal Court of ...
transparent. More pertinent, though, is introducing regulation to enforce separation between product providers and advisors which can be policed. Until this is done the complexity of the finance industry will ensure that the law of one price doesn’t apply in the one place that it ought to ...
This paper tries to explain observed deviations from the law of one price in Chile during the 1975–1982 period. In order to do this, we develop a microeconomic model where typical final goods are non-tradeable, and are produced by combining tradeable (importable) goods and commercial (or ...
Almost all previous studies that have tested the law of one price or Purchasing Power Parity theory (PPP) have used either real effective exchange rates or bilateral real exchange rates which are constructed using CPI or PPI data. Most of these studies h