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Borderplex menu evidence for the law of one price: a convergence approach

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  • Yong Bao
  • Thomas Fullerton
  • Donald Lien

Abstract

A convergence approach is utilized to examine deviations from the law of one price. Sample data are menu prices for eight identical products sold by international restaurant franchises in Mexico and the United States. The results suggest mean reverting behaviour in real exchange rate movements in response to recent information.

Suggested Citation

  • Yong Bao & Thomas Fullerton & Donald Lien, 2009. "Borderplex menu evidence for the law of one price: a convergence approach," Applied Economics Letters, Taylor & Francis Journals, vol. 16(17), pages 1717-1720.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:17:p:1717-1720
    DOI: 10.1080/13504850701675516
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    Cited by:

    1. Pei-Chien Lin & Ho-Chuan Huang, 2011. "Inequality convergence in a panel of states," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(2), pages 195-206, June.

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