Can a shopping agent enforce the law of one price?
✍ Scribed by Sean M. Snaith
- Publisher
- Springer US
- Year
- 2003
- Tongue
- English
- Weight
- 109 KB
- Volume
- 31
- Category
- Article
- ISSN
- 0197-4254
No coin nor oath required. For personal study only.
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## Abstract This paper presents a theoretical argument that the relationship between price differences and per capita income differences across locations can be used as a cross‐sectional test for the law of one price. Since the relationship should be statistically insignificant or very weak in an i