Bakhouche, Abderazak - In: Journal of finance and investment analysis 2 (2013) 1, pp. 101-120
This paper applies the Johansen Cointegration procedure to test the law of one price (LOOP) for twelve international markets of paintings using semi-annual data for the period 1985-2007. Cointegration test is performed in a pairwise arrangement. Price index for each market is estimated using the...