A Pair-wise Analysis of the Law of One Price: Evidence from the Crude Oil Market

Publicado en

  • Economics Letters

Resumen

  • 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.

fecha de publicación

  • 2015

Identificador de objeto digital (DOI)

  • https://doi.org/10.1016/j.econlet.2015.02.002

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Issue

  • C