Noisy Information, Distance and Law of One Price Dynamics Across US Cities
收藏NBER2012-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17815
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资源简介：
Using micro price data across US cities, we provide evidence that both the volatility and persistence of deviations from the law of one price (LOP) are positively correlated with the distance between cities. A standard, two-city, equilibrium model with time-varying technology under homogeneous
提供机构：
美国国家经济研究局
创建时间：
2012-02-01
