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relative prices. The first is a "real barriers effect," caused by various barriers to market integration. The second is a …
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We study good-by-good deviations from the Law-of-One-Price (LOP) for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differences in income and value-added tax (VAT)...
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consider whether the law of one price and purchasing power parity held in Europe during the late fourteenth and early fifteenth … theories can be traced back over 700 years in Europe. …
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consider whether the law of one price and purchasing power parity held in Europe during the late fourteenth and early fifteenth … theories can be traced back over 700 years in Europe …
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