Jaeger, David A.; Storchmann, Karl - In: American Economic Review 101 (2011) 3, pp. 136-41
Similar to other markets in which deviations from Jevons' "law of one price" is the norm rather than the exception, the retail wine market in the United States is characterized by large price dispersions. Drawing on a large sample of retail prices from wine-searcher.com we find an average...