Statements (15)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
efficient markets
|
| gptkbp:assumes |
no trade barriers
no transportation costs |
| gptkbp:describes |
identical goods should have the same price in different markets
|
| https://www.w3.org/2000/01/rdf-schema#label |
law of one price
|
| gptkbp:implies |
price convergence
|
| gptkbp:originatedIn |
classical economics
|
| gptkbp:relatedTo |
arbitrage
purchasing power parity |
| gptkbp:usedIn |
international finance
commodity markets |
| gptkbp:violatedBy |
market frictions
|
| gptkbp:bfsParent |
gptkb:Purchasing_Power_Parity
|
| gptkbp:bfsLayer |
6
|