Local Costs of Distribution, International Trade Costs and Micro Evidence on the Law of One Price
Abstractpercent of the variation in that dispersion. The magnitude of trade costs and local distribution costs is consistent with the price dispersion observed for an average retail product, but the heterogeneity in trade costs, and in distribution costs, cannot account for observed heterogeneity in the dispersion of law of one price deviations.
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Bibliographic InfoPaper provided by Society for Economic Dynamics in its series 2009 Meeting Papers with number 652.
Date of creation: 2009
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Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
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435, Federal Reserve Bank of Minneapolis.
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