Pricing-to-Market, Trade Costs, and International Relative Prices

被引:337
|
作者
Atkeson, Andrew [1 ]
Burstein, Ariel [1 ]
机构
[1] Univ Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
来源
AMERICAN ECONOMIC REVIEW | 2008年 / 98卷 / 05期
关键词
D O I
10.1257/aer.98.5.1998
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:1998 / 2031
页数:34
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