A pair-wise analysis of the law of one price: Evidence from the crude oil market

Monica Giulietti, Ana Iregui and Jesus Otero

Economics Letters, 2015, vol. 129, issue C, 39-41

Abstract: This paper applies a pairwise approach to investigate the validity of the law of one price in the crude oil markets. Price differentials appear smaller between crude oil pairs with similar physical/chemical characteristics and also for pairs within OPEC.

Keywords: Law of one price; Crude oil prices; Product heterogeneity; Cross-section analysis (search for similar items in EconPapers)
JEL-codes: C33 L7 Q4 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:129:y:2015:i:c:p:39-41

DOI: 10.1016/j.econlet.2015.02.002

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