Arbeitspapier
Impact of institutions on cross-border price dispersion
This paper analyzes the role of institutions in price dispersion among cities in the European region in the 1996-2009 period. An overview of the literature on the border effect reveals that the role of institutions is completely neglected. Using the Worldwide Governance Indicators as explanatory variables I find that the better the institutions, the lower the predicted dispersion. The result is robust to different specifications of the regression model and it is consistent with a hypothesis that arbitrage, as an entrepreneurial activity and the main power behind the law of one price, is influenced by institutional quality.
- Sprache
-
Englisch
- Erschienen in
-
Series: IES Working Paper ; No. 30/2011
- Klassifikation
-
Wirtschaft
Organizational Behavior; Transaction Costs; Property Rights
Price Level; Inflation; Deflation
Open Economy Macroeconomics
Entrepreneurship
- Thema
-
border effect
price dispersion
price convergence
law of one price
institutional quality
Preisdifferenzierung
Preiskonvergenz
Institutionelle Infrastruktur
Systemvergleich
Europa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schwarz, Jiří
- Ereignis
-
Veröffentlichung
- (wer)
-
Charles University in Prague, Institute of Economic Studies (IES)
- (wo)
-
Prague
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schwarz, Jiří
- Charles University in Prague, Institute of Economic Studies (IES)
Entstanden
- 2011
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