Purchasing power parity theory in a model without international trade of goods

Research, Preprint English OPEN
Läufer, Nikolaus K. A.;
  • Publisher: Fakultät für Wirtschaftswissenschaften und Statistik, Universität Konstanz Konstanz
  • Subject:
    • ddc: ddc:330
    arxiv: Computer Science::Computer Science and Game Theory

In recent discussions it frequently occurs that the Purchasing Power Parity Theory is identified with Jevons law of one price. By pointing to real world obstacles working against perfect goods arbitrage it is then erroneously concluded that the Purchasing Power Parity T... View more
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