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We find evidence that the law of one price (LOOP) holds more nearly for country pairs that are within geographic regions that for country pairs that are not.
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In this paper we derive a method for simultaneously estimating three possible determinants of output price : the marginal market cost of production, the user cost of the resource, and the exercise of market power.
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In this paper we derive a method for simultaneously estimating three possible determinants of output price : the marginal market cost of production, the user cost of the resource, and the exercise of market power.
Persistent link: https://www.econbiz.de/10005657405
We find evidence that the law of one price (LOOP) holds more nearly for country pairs that are within geographic regions that for country pairs that are not.
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