منابع مشابه
Firms’ Heterogeneity, Incomplete Information, and Pass-Through
A large body of empirical work documents that prices of traded goods change by a smaller proportion than real exchange rates between the trading countries (incomplete pass-through). I present a Ricardian model of trade and international price-setting with heterogeneous firms, Bertrand competition and incomplete information. The model implies that: 1) firm-level passthrough is incomplete and a U...
متن کاملFirms’ Heterogeneity and Incomplete Pass-Through
A large body of empirical work documents that prices of traded goods change by a smaller proportion than real exchange rates between the trading countries (incomplete pass-through). The wedge between exchange rates and relative prices also varies across countries (pricing-tomarket). I present a model of trade and international price-setting with heterogeneous firms, where firms’ strategic behav...
متن کاملIKEA: Product, Pricing, and Pass-Through
The multinational retailer IKEA represents a natural laboratory for studying international pricing and product cycle behavior. With 314 stores in 38 countries, IKEA is a major international presence in retail housewares and furnishings. IKEA is unique among homegoods retailers in its publication of annual catalog of prices guaranteed to hold for 1 year. This paper examines international pricing...
متن کاملAre Sports Teams Multi-product Firms?
Author Contact: K. G. Stewart, Dept. of Economics, University of Victoria, P.O. Box 1700, STN CSC, Victoria, B.C., Canada V8W 2Y2; e-mail: [email protected]; Phone: (250) 721-8534; FAX: (250) 721-6214 Abstract The appropriate conception of team outputs is investigated by estimating a two-output factor demand system for baseball teams, relative to which single-output models are rejected. There is...
متن کاملMulti-Product Firms and Trade Liberalization∗
This paper develops a general equilibrium model of international trade that features selection across firms, products and countries. Firms’export decisions depend on a combination of firm “productivity” and firm-product-country “consumer tastes”, both of which are stochastic and unknown prior to the payment of a sunk cost of entry. Trade liberalization induces endogenous reallocations of resour...
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ژورنال
عنوان ژورنال: International Journal of the Economics of Business
سال: 2018
ISSN: 1357-1516,1466-1829
DOI: 10.1080/13571516.2018.1426411