The Law of One Price (LOP) is a fundamental economic principle, yet its application in regional studies often excludes rural areas due to data limitations. We analyze price equalization across the US
The average price of used cars in Italy ranged between 9,950 euros and 14,740 euros in 2017. The average price was highest in the region of Veneto and lowest in the region of Calabria.
We use a unique dataset on television prices across European countries and regions to investigate the sources of differences in price levels. Our findings are as follows: (i) Quality is a crucial dete