Article

Price Dispersion in the Barcelona Fish Auction: A Probabilistic Interpretation of the Failure of the Law of One Price

2026-08-04

Abstract excerpt

<title>Abstract</title> <p>The Law of One Price predicts that identical goods traded in the same competitive market should sell at a single price. Wholesale fish auctions offer a natural setting to test this prediction under conditions of perishability, seasonal supply variation, and product heterogeneity that most tests of the Law of One Price do not confront directly. Using a complete administrative dataset of...

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Literature Corpus work: 1d4642cc-887f-5077-8e2a-36cc947380ca
DOI: 10.21203/rs.3.rs-10567095/v1

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Price Dispersion in the Barcelona Fish Auction: A Probabilistic Interpretation of the Failure of the Law of One PriceDOI 10.21203/rs.3.rs-10567095/v1Read

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