• 1 Introduction
  • 2 Previous studies on deviations from the Law of One Price and priceconvergence in the EMU
  • 3 Conceptual framework
  • 4 Data and the hedonic price regression
  • 4.1 The adequacy of focusing on the washing machine market
  • 4.2 The data
  • 4.3 A hedonic price regression
  • 5 Deviations from the Law of One Price
  • 6 Evidence of price convergence?
  • 6.1 The log t test
  • 6.2 Alternative approaches
  • 7 Conclusions
  • Appendix
  • References