The Law of One Price in Scandinavian Duty-Free Stores

By M. Asplund, Richard Friberg. 2001

111 citations recorded by the source corpus.

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European product market integration after the euro (2004, unknown): “1 Asplund and Friberg (2001) offer some striking evidence in favour of the money illusion story, noting the substantial price differences for goods sold within Scandinavian duty-free stores where each good has price tags in at least two currencies.”
Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market (2001, background): “In a recent study, Asplund and Friberg (2001) find that the LOOP does not even hold for identical goods sold at the same location, as long as these goods are dominated in different currencies (the evidence comes from price data of products sold in Scandinavian duty-free stores).”
International Prices, Costs, and Markup Differences (2011, background): “Others focused on specific goods, such as The Economist magazine (Ghosh and Wolf 1994), Ikea’s furniture products (Haskel and Wolf 2001; Hassink and Schettkat 2001), or Scandinavian McDonald’s duty-free outlets (Asplund and Friberg 2001).”