全球智库信息集成服务系统(G2TT): Pricing in International Markets: Lessons From The Economist

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w4806
来源ID	Working Paper 4806
	Pricing in International Markets: Lessons From The Economist
	Atish R. Ghosh; Holger C. Wolf
发表日期	1994-07-01
出版年	1994
语种	英语
摘要	Export firms are often assumed to stabilize destination market prices in the face of nominal exchange rate changes in order to protect market share. We show that standard tests of such pricing to market fail to discriminate against the alternative hypothesis of menu costs. As a case study, we examine the characteristics and determinants of changes in the cover prices of The Economist magazine in a sample of twelve countries over the floating rate period. We find that, while the law of one price fails, there is no evidence of systematic attempts to offset nominal exchange rate movements. Instead, the findings are consistent with menu cost driven pricing behavior.
主题	Microeconomics ; Market Structure and Distribution ; International Economics ; International Finance
URL	https://www.nber.org/papers/w4806
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/562208
推荐引用方式 GB/T 7714	Atish R. Ghosh,Holger C. Wolf. Pricing in International Markets: Lessons From The Economist. 1994.