Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
financial markets
commodity markets |
| gptkbp:assumes |
no trade barriers
perfect information no transaction costs |
| gptkbp:describes |
identical goods should have only one price in efficient markets
|
| gptkbp:example |
currency exchange rates
gold prices in different countries stock prices on different exchanges |
| gptkbp:explains |
market efficiency
arbitrage opportunities |
| https://www.w3.org/2000/01/rdf-schema#label |
Law of One Price
|
| gptkbp:originatedIn |
classical economics
|
| gptkbp:relatedTo |
gptkb:efficient_market_hypothesis
arbitrage purchasing power parity |
| gptkbp:usedIn |
international finance
pricing theory law of supply and demand |
| gptkbp:violatedBy |
tariffs
imperfect competition information asymmetry transportation costs market frictions |
| gptkbp:bfsParent |
gptkb:Purchasing_Power_Parity_(economics)
|
| gptkbp:bfsLayer |
6
|