Deviations from the law of one price in Japan
Using 25 years of monthly data on individual Japanese retail prices, we study the behavior of product-specific Law of One Price (LOP) deviations. Individual tradable products, compared with nontradables, are more likely to have different distributions of LOP deviations across cities. Their distribut...
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| Format: | UnknownFormat |
| Sprache: | eng |
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Munich
Univ., Center for Economic Studies u.a.
2008
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| Schriftenreihe: | CESifo working paper series Monetary policy and international finance
2275 |
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