Herrmann-Pillath, Carsten - In: Journal of Economics and Statistics (Jahrbuecher fuer … 221 (2001) 1, pp. 45-67
The Law of One Price (LOP) is of prime importance for modern international economics, in particular in the monetary theory of forward exchange, or in the theory of international trade, as in the analysis of dumping. As a general proposition about arbitrage, the LOP underlies every core...