{"id":"https://openalex.org/W1484444123","doi":"https://doi.org/10.1016/0014-2921(82)90041-1","title":"A proposition on short-run departures from the law-of-one-price","display_name":"A proposition on short-run departures from the law-of-one-price","publication_year":1982,"publication_date":"1982-01-01","ids":{"openalex":"https://openalex.org/W1484444123","doi":"https://doi.org/10.1016/0014-2921(82)90041-1","mag":"1484444123"},"language":"en","primary_location":{"id":"doi:10.1016/0014-2921(82)90041-1","doi":"https://doi.org/10.1016/0014-2921(82)90041-1","is_oa":false,"landing_page_url":"https://doi.org/10.1016/0014-2921(82)90041-1","pdf_url":null,"source":{"id":"https://openalex.org/S69338747","display_name":"European Economic Review","issn_l":"0014-2921","issn":["0014-2921","1873-572X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030103971","display_name":"Mario I. Bl\u00e9jer","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Mario I. Blejer","raw_affiliation_strings":["The Hebrew University of Jerusalem, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Hebrew University of Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5076148865","display_name":"Arye L. Hillman","orcid":"https://orcid.org/0000-0003-3137-1309","observed_orcids":["https://orcid.org/0000-0003-3137-1309"]},"institutions":[{"id":"https://openalex.org/I13955877","display_name":"Bar-Ilan University","ror":"https://ror.org/03kgsv495","country_code":"IL","type":"education","lineage":["https://openalex.org/I13955877"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Arye L. Hillman","raw_affiliation_strings":["Bar-Ilan University, Ramat-Gan, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bar-Ilan University, Ramat-Gan, Israel","institution_ids":["https://openalex.org/I13955877"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3690,"currency":"USD","value_usd":3690},"apc_paid":null,"fwci":4.8965,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.94101509,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"17","issue":"1","first_page":"51","last_page":"60"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8080999851226807,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8080999851226807,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.07890000194311142,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.04830000177025795,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/law-of-one-price","display_name":"law of one price","score":0.9829999804496765},{"id":"https://openalex.org/keywords/inflation-surprises","display_name":"unexpected inflation","score":0.878000020980835},{"id":"https://openalex.org/keywords/international-arbitrage","display_name":"international arbitrage","score":0.6629999876022339},{"id":"https://openalex.org/keywords/risk-averse-firms","display_name":"risk-averse firms","score":0.8149999976158142}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8401820659637451},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.8300663232803345},{"id":"https://openalex.org/C79850504","wikidata":"https://www.wikidata.org/wiki/Q1364085","display_name":"Law of one price","level":4,"score":0.6217676401138306},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6139101386070251},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.5784440040588379},{"id":"https://openalex.org/C2776916960","wikidata":"https://www.wikidata.org/wiki/Q637156","display_name":"Warrant","level":2,"score":0.5594903230667114},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5533924102783203},{"id":"https://openalex.org/C2777152325","wikidata":"https://www.wikidata.org/wiki/Q108163","display_name":"Proposition","level":2,"score":0.4817640781402588},{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.45892810821533203},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4388046860694885},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3502826690673828},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.34749364852905273},{"id":"https://openalex.org/C34881761","wikidata":"https://www.wikidata.org/wiki/Q1936341","display_name":"Price level","level":2,"score":0.28153812885284424},{"id":"https://openalex.org/C162889289","wikidata":"https://www.wikidata.org/wiki/Q6841075","display_name":"Mid price","level":3,"score":0.223046213388443},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0878276526927948},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/0014-2921(82)90041-1","doi":"https://doi.org/10.1016/0014-2921(82)90041-1","is_oa":false,"landing_page_url":"https://doi.org/10.1016/0014-2921(82)90041-1","pdf_url":null,"source":{"id":"https://openalex.org/S69338747","display_name":"European Economic Review","issn_l":"0014-2921","issn":["0014-2921","1873-572X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:eecrev:v:17:y:1982:i:1:p:51-60","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/0014-2921(82)90041-1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W1480700119","https://openalex.org/W1481232490","https://openalex.org/W1488599363","https://openalex.org/W1521746342","https://openalex.org/W1560294045","https://openalex.org/W1577560839","https://openalex.org/W1579368419","https://openalex.org/W1592671300","https://openalex.org/W1604188511","https://openalex.org/W1978027441","https://openalex.org/W1984391243","https://openalex.org/W1985415035","https://openalex.org/W1990268528","https://openalex.org/W2002293093","https://openalex.org/W2023892702","https://openalex.org/W2048025958","https://openalex.org/W2072309817","https://openalex.org/W2091168508","https://openalex.org/W2317143971","https://openalex.org/W2470376379","https://openalex.org/W2797345919","https://openalex.org/W3121872086","https://openalex.org/W3123114075","https://openalex.org/W3123995706","https://openalex.org/W6636189852"],"related_works":["https://openalex.org/W7014903600","https://openalex.org/W1980850600","https://openalex.org/W1565915110","https://openalex.org/W1547016618","https://openalex.org/W1490337112","https://openalex.org/W2166102065","https://openalex.org/W1486347668","https://openalex.org/W2139804464","https://openalex.org/W7028613943","https://openalex.org/W6962925498"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}