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

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Giulietti, Monica
Iregui, Ana María
Otero Cardona, Jesús Gilberto

Fecha
2015

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Elsevier

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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. © 2015.
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Keywords
Cross-section analysis , Crude oil prices , Law of one price , Product heterogeneity
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