Dynamic pricing and exchange rate pass-through: Evidence from transaction-level data
نویسندگان
چکیده
Dynamic pricing is a widely employed strategy for goods and services in which firms flexibly set prices, taking into account factors such as current market conditions. This paper studies the role this plays explaining exchange rate pass-through context of package tour prices. We provide theoretical model that illustrates how foreign producers domestic retailers adjust prices to fluctuations three forms dynamic pricing. Our predicts increases clearance sales with capacity costs periods high demand, while it decreases advance purchases. find robust empirical evidence predictions using unique German transaction-level data tours at daily frequency between 2012 2018 featuring rich variation over time.
منابع مشابه
The Impact of Monetary Regime on the Exchange Rate Pass-Through under Exchange Rate Volatility (Dynamic Panel Data Approach)
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Exchange Rate Pass-Through and Inflation in Dollarized Economies: Evidence from the Middle Eastern and North African Countries
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متن کاملThe Impact of Monetary Regime on the Exchange Rate Pass-Through under Inflationary Environment (Dynamic Panel Data Approach)
The main objective of this paper is to investigate the effects of monetary regime (countries with inflation targeting monetary policy versus countries with exchange rate anchor) on the extent of exchange rate pass-through over the period of 1999-2010. To achieve this objective, the econometric model has been estimated by Dynamic Panel Data approach and Arrelano- Bond (AB) method. The empirical...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2021
ISSN: ['1873-572X', '0014-2921']
DOI: https://doi.org/10.1016/j.euroecorev.2021.103662