| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10053 |
| DP10053 Quality Pricing-to-Market | |
| Thomas Chaney; Raphael Auer; Philip Sauré | |
| 发表日期 | 2014-07-06 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We examine firm's pricing-to-market decisions in vertically differentiated industries featuring a large number of firms that compete monopolistically in the quality space. Firms sell goods of heterogeneous quality to consumers with non-homothetic preferences that differ in their income and thus their marginal willingness to pay for quality increments. We derive closed-form solutions for the pricing game under costly international trade, thus establishing existence and uniqueness. We then examine how the interaction of good quality and market demand for quality affects firms' pricing-to-market decisions. The relative price of high quality goods compared to that of low quality goods is an increasing function of the income in the destination market. When relative costs change, the rate of exchange rate pass-through is decreasing in quality in high income countries, yet increasing in quality in low-income countries. We then document that these predictions receive empirical support in a dataset of prices and quality in the European car industry. |
| 主题 | International Macroeconomics ; Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Exchange rate pass-through Intra-industry trade Monopolistic competition Pricing-to-market Vertical differentiation |
| URL | https://cepr.org/publications/dp10053 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538885 |
| 推荐引用方式 GB/T 7714 | Thomas Chaney,Raphael Auer,Philip Sauré. DP10053 Quality Pricing-to-Market. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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