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• W2006334660 abstract "Abstract Using disaggregated West German prices, this study documents movements in relative export and producer prices and in relative import and producer prices which are variable and highly autocorrelated. This suggests the presence of time-varying, persistent deviations from the Laws of One Price. Perfect competition, monopoly, and monopolistic competition with constant mark-up pricing are inconsistent with the variability in relative export and producer prices. Furthermore, Cournot oligopoly is inconsistent with the variability in relative import and producer prices. A dynamic general equilibrium model with differentiated oligopolistic competition and strategic pricing is shown to generate variable and persistent movements in both measures of relative prices." @default.
• W2006334660 created "2016-06-24" @default.
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• W2006334660 date "1995-11-01" @default.
• W2006334660 modified "2023-09-26" @default.
• W2006334660 title "A dynamic general equilibrium analysis of deviations from the laws of one price" @default.
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• W2006334660 doi "https://doi.org/10.1016/0165-1889(94)00833-4" @default.
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