Pierdzioch, Christian Schöber, Timo Stadtmann, Georg
Year of Publication:
Discussion Paper No. 421
We analyze the law of one price (LoP) based on BigMac and Fortnite prices. We find a positive but less than perfect correlation between the over-/undervaluations of the two indices. While we cannot reject the LoP for the Fortnite data, we find that it does not hold for the BigMac data.