全球智库信息集成服务系统(G2TT): The Law of One Price

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8112
来源ID	Working Paper 8112
	The Law of One Price - A Case Study
	Jonathan Haskel; Holger Wolf
发表日期	2001-02-01
出版年	2001
语种	英语
摘要	We use retail transaction prices for a multinational retailer to examine the extent and permanence of violations of the law of one price (LOOP). For identical products, we find typical deviations of twenty to fifty percent, though there is muted evidence for convergence over time. Such differences might be due to differences in local costs. If so, relative prices of similar products (round versus square mirrors) should be equal across countries. In fact, relative prices vary significantly across very similar goods within a product group; indeed, the ordering of common currency prices often differs for similar products. The finding suggests that differences in local distribution costs, local taxes, and probably tariffs do not explain the price pattern, leaving strategic pricing or other factors resulting in varying markups as alternative explanations for the observed divergences.
主题	International Economics ; International Factor Mobility ; International Finance
URL	https://www.nber.org/papers/w8112
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565705
推荐引用方式 GB/T 7714	Jonathan Haskel,Holger Wolf. The Law of One Price - A Case Study. 2001.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w8112.pdf（272KB）	智库出版物		限制开放	CC BY-NC-SA	浏览