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

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. © 2015.

Autores:
Tipo de recurso:
Fecha de publicación:
2015
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/23898
Acceso en línea:
https://doi.org/10.1016/j.econlet.2015.02.002
https://repository.urosario.edu.co/handle/10336/23898
Palabra clave:
Cross-section analysis
Crude oil prices
Law of one price
Product heterogeneity
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