The American economic review, 2008-12, Vol.98 (5), p.1998-2031
2008
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Details
- Autor(en) / Beteiligte
- Titel
- Pricing-to-Market, Trade Costs, and International Relative Prices
- Ist Teil von
- The American economic review, 2008-12, Vol.98 (5), p.1998-2031
- Ort / Verlag
- Nashville: American Economic Association
- Erscheinungsjahr
- 2008
- Quelle
- Business Source Ultimate
- Beschreibungen/Notizen
- International relative prices across industrialized countries show large and systematic deviations from relative purchasing power parity. We embed a model of imperfect competition and variable markups in a quantitative model of international trade. We find that when our model is parameterized to match salient features of the data on international trade and market structure in the United States, it can reproduce deviations from relative purchasing power parity similar to those observed in the data because firms choose to price-to-market. We then examine how pricing-to-market depends on the presence of international trade costs and various features of market structure.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0002-8282eISSN: 1944-7981DOI: 10.1257/aer.98.5.1998Titel-ID: cdi_proquest_miscellaneous_37060225
- Format
- –
- Schlagworte
- Capital costs, Central banks, Competition, Consumer Price Index, Costs, Economic models, Exports, Foreign exchange rates, Hypotheses, Industrialized nations, International economics, International market, International trade, Marginal costs, Market share, Market structure, Markups, Monopolistic competition, Price level, Pricing, Purchasing power parity, Relative prices, Studies, Terms of trade, U.S.A