From The New York Times:
But all prices are a function of supply and demand in the relevant markets, as Antonio Rodriguez-Lopez, assistant professor of economics at the University of California, Irvine, and author of the article “Prices and Exchange Rates: A Theory of Disconnect,” reminded me when I spoke with him this week. “Firms set different prices in different markets simply because of differences in demand,” he said.
 
For the full story, please visit http://www.nytimes.com/2015/03/27/business/bargain-hunting-with-a-strong-dollar-in-europe-but-finding-a-mixed-bag.html?_r=0.

connect with us

         

© UC Irvine School of Social Sciences - 3151 Social Sciences Plaza, Irvine, CA 92697-5100 - 949.824.2766