The Benefits of Price Convergence: Speculative Calculations

by Erika Wada, Gary Clyde Hufbauer, Tony Warren

Price divergence is readily apparent to anyone who shops. Travelers from Manchester to London, or from Chicago to Paris, are hit by sticker shock. Products ranging from London Fog raincoats to Viagra are available over the Internet at half their retail store prices. Common experience tells us that prices for identical products differ between countries, between cities, even between neighboring shops. On the other hand, common experience also tells...

• Format: Paperback
• Language: English
• ISBN: 0881323330
• ISBN13: 9780881323337
• Release Date: January 2002
• Publisher: Peterson Institute for International Economic
• Length: 128 Pages
• Weight: 0.41 lbs.
• Dimensions: 0.3" x 5.9" x 9.1"
• Grade Range: Postsecondary and higher