Crucini, Mario J.; Telmer, Chris I.; Zachariadis, Marios - In: American Economic Review 95 (2005) 3, pp. 724-738
We study good-by-good deviations from the Law-of-One-Price (LOP) for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differences in income and value-added tax (VAT)...
