Evaluating the law of one price using micro panel data
type: Dataset
description: This paper investigates spatial variations in product prices using an exhaustive micro dataset on fish transactions. The data record all transactions between vessels and wholesalers that occur on local fish markets in France during the year 2007. Spatial disparities in fish prices are sizable, even after fish quality, time, seller and buyer unobserved heterogeneity have been taken into account. The price difference between local fish markets can be explained to some extent by distance, but mostly by a coast effect (analogous to a border effect in the literature on the law of one price) related to separate location on the Atlantic and Mediterranean coasts. In particular, fish and crustacean prices are 34% higher on the Mediterranean coast. The law of one price is verified for almost all species when considering only local fish markets on the Atlantic coast.
issued: 2026-05-10T04:51:48.068815
language: en
modified: 2026-05-10T04:51:48.068820
contact point: Organization
  fn: CCSD
keyword: commodity-price
keyword: fish
keyword: infoeu-reposemanticspreprint
keyword: jel-l---industrial-organizationll1---market-structure-firm-strategy-and-market-performancell1
keyword: jel-q---agricultural-and-natural-resource-economics--environmental-and-ecological-economicsqq2--
keyword: jel-r---urban-rural-regional-real-estate-and-transportation-economicsrr3---real-estate-market
keyword: local-markets
keyword: panel-data
keyword: preprints-working-papers-
keyword: shsecohumanities-and-social-scienceseconomics-and-finance
landing page: https://shs.hal.science/halshs-00849075

Evaluating the law of one price using micro panel data
type: Distribution
format: HTML
issued: 2026-05-10T04:51:48.105156
modified: 2026-05-10T04:51:48.054269
access URL: https://shs.hal.science/halshs-00849075

test_moissonnage_selune
type: Agent