| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18985 |
| 来源ID | Working Paper 18985 |
| A Bargaining Theory of Trade Invoicing and Pricing | |
| Linda S. Goldberg; Cédric Tille | |
| 发表日期 | 2013-04-18 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We develop a theoretical model of international trade pricing in which individual exporters and importers bargain over the transaction price and exposure to exchange rate fluctuations. We find that the choice of price and invoicing currency reflects the full market structure, including the extent of fragmentation and the degree of heterogeneity across importers and across exporters. Our study shows that a party has a higher effective bargaining weight when it is large or more risk tolerant. A higher effective bargaining weight of importers relative to exporters in turn translates into lower import prices and greater exchange rate pass-through into import prices. We show the range of price and invoicing outcomes that arise under alternative market structures. Such structures matter not only for the outcome of specific exporter-importer transactions, but also for aggregate variables such as the average price, the average choice of invoicing currency, and the correlation between invoicing currency and the size of trade transactions |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w18985 |
| 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/576659 |
| 推荐引用方式 GB/T 7714 | Linda S. Goldberg,Cédric Tille. A Bargaining Theory of Trade Invoicing and Pricing. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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