In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade …. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of … goods will deliver price equalization in capital goods, but cannot reproduce the observed trade flows. …

informationally efficient price. We exploit salient distributional features of multivariate financial price processes to uniquely …, informational leadership becomes blurred. We show how fat tails and tail dependence of price changes, which emerge as a result of …

elasticity' (RDE) approach. Even though all markets show a significant violation of the 'law of one price' estimations for … conclusion that the underlying theoretical models fail to consistently match the observed price equilibria on the market under …

Retail prices of major drugs like cocaine and heroin have declined dramatically during the last two decades. This price …

short-term dynamics of individual markets. Furthermore, we examine whether logistics enter coal price dynamics through …

abundance of hard coal and the price of hard coal are the two variables of our major interest. We assume that countries with an … coal abundance or the accessibility of hard coal, respectively, the hard coal price, the level of foreign direct investment …

expectation. The art price index is a smooth function of time and has a variability that is comparable to the volatility of stock …