E pluribus unum? Political fractionalization and deviations from the law of one price in the USA

Abstract The magnitude of deviations from the Law of One Price (LOP) across cities depends on a number of characteristics, including language differences, distance, and other correlates of trade costs. We show that in the USA, political differences between cities are an equally important determinant...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Oxford economic papers 2022-01, Vol.74 (1), p.194-214
Hauptverfasser:	Antonini, Massimo, Fielding, David, Pires, Jacinta
Format:	Artikel
Sprache:	eng
Schlagworte:	Kommunalpolitik Marktsegmentierung Preiskonvergenz Preisniveau Stadt USA
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!