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An Approximate Law of One Price in Random Assignment Games

EC, (2015)

Cited by: 3|Views22
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Abstract

The \"law of one price\" asserts that homogeneous goods must sell for the same price across locations and vendors. While many deviations from this 'law' have been observed in the real world, it remains a useful building block in economic theory, and serves as a benchmark for empirical studies. A crucial underlying assumption used in argui...More

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