Exchange Rate Pass-Through When Market Share Matters.

The authors investigate the pass-through from exchange rates to import prices when firms' future demands depend on their current market shares. They show that profit-maximizing foreign firms may either raise or lower their dollar export prices when the dollar appreciates temporarily (i.e., the...

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Auteurs principaux: Froot, K, Klemperer, P
Format: Journal article
Langue:English
Publié: 1989