Pierdzioch, Christian Schöber, Timo Stadtmann, Georg
Year of Publication:
Discussion Paper No. 417
European University Viadrina, Department of Business Administration and Economics, Frankfurt (Oder)
We analyze the law of one price (LoP) based on BigMac and Fortnite prices. We find a positive but less than a perfect correlation between the over-/undervaluations of the two indices. While LoP holds for the Fortnite data, it does not hold for the BigMac data.