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| Author: | Alessandria, G. |
| Title: | International deviations from the law of one price: the role of search frictions and market share |
| Journal: | International Economic Review
2004 : NOV, VOL. 45:4, p. 1263-1292 |
| Index terms: | Market share |
| Freeterms: | Deviation Law of one price Search frictions |
| Language: | eng |
| Abstract: | The size and persistence of international deviations from the law of one price are examined in an industry with search frictions. Cost differences lead foreign and domestic companies to price differently within countries. When local companies are more common in each country, there are large and persistent price differences across countries. Large and persistent changes in international relative costs lead to large and persistent changes in international relative prices. |
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