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Does Law Behave? A Macrolevel Test of Black's Propositions on Change in Law

✍ Scribed by Gloria T. Lessan and Joseph F. Sheley

Book ID
125319942
Publisher
University of North Carolina Press
Year
1992
Tongue
English
Weight
898 KB
Volume
70
Category
Article
ISSN
0037-7732

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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