ADJUSTMENT COSTS AND PRICING-TO-MARKET - THEORY AND EVIDENCE

被引：56
|
作者：
KASA, K [1 ]
机构：
[1] UNIV CHICAGO,DEPT ECON,CHICAGO,IL 60637
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 1992年 / 32卷 / 1-2期
关键词：
D O I：
10.1016/0022-1996(92)90034-H
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper develops an adjustment cost model of pricing-to-market. The model consists of a monopolist who supplies an identical, nondurable good to two foreign markets. It is shown that the degree of pricing-to-market increases with the relative importance of the transitory component in exchange rates. Customs data from 1978 through 1987 on U.S. and Canadian imports of seven German commodities are used to estimate the model's parameters and test its over-identifying restrictions.
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页码：1 / 30
页数：30
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