NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Noisy Information, Distance and Law of One Price Dynamics Across US Cities

Mario J. Crucini, Mototsugu Shintani, Takayuki Tsuruga

NBER Working Paper No. 17815
Issued in February 2012

---- Acknowledgements -----

We thank Jeff Campbell, Virgiliu Midrigan, and seminar participants at Otaru University of Commerce for helpful discussions and comments. Mario J. Crucini and Mototsugu Shintani gratefully acknowledge the financial support of National Science Foundation (SES-1030164). Takayuki Tsuruga gratefully acknowledges the financial support of Grant-in-aid for Scientific Research (22730166). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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