Law of one price: BigMac versus Fortnite - A note

We analyze the law of one price (LoP) based on BigMac and Fortnite prices. We find a positive but less than perfect correlation between the over-/undervaluations of the two indices. While we cannot reject the LoP for the Fortnite data, we find that it does not hold for the BigMac data.

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Year of publication:	2021
Authors:	Pierdzioch, Christian ; Schöber, Timo ; Stadtmann, Georg
Publisher:	Frankfurt (Oder) : European University Viadrina, Department of Business Administration and Economics
Subject:	Fortnite \| BigMac \| law of one price

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Series:	Discussion Paper ; 421
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.11584/opus4-854 [DOI] 1744151504 [GVK] hdl:10419/229161 [Handle] RePEc:zbw:euvwdp:421 [RePEc]
Classification:	F30 - International Finance. General ; F31 - Foreign Exchange
Source:	EconStor

Persistent link: https://www.econbiz.de/10012422765