A pair-wise analysis of the law of one price: Evidence from the crude oil market Academic Article


  • Economics Letters


  • © 2015.This paper applies a pairwise approach to investigate the validity of the law of one price in the crude oil markets. Price differentials appear smaller between crude oil pairs with similar physical/chemical characteristics and also for pairs within OPEC.

publication date

  • 2015/4/1


  • Crude oil
  • Law of one price
  • Oil markets

International Standard Serial Number (ISSN)

  • 0165-1765

number of pages

  • 3

start page

  • 39

end page

  • 41