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Author:Bernhofen, D.
Xu, P.
Title:Exchange rates and market power: evidence from the petrochemical industry
Journal:Journal of International Economics
2000 : DEC, VOL. 52:2, p. 283-298
Index terms:INTERNATIONAL ECONOMICS
EXCHANGE RATES
POWER
Language:eng
Abstract:This paper takes a microeconometric approach to the study of exchange rate pass-through in imperfectly competitive markets. The authors provide evidence for the hypothesis that incomplete exchange rate pass-through can be attributed to non-competitive conduct by foreign firms. A unique feature of the authors' approach is the use of highly disaggregated industry data which is compatible with the behavioral assumptions of a homogeneous-product oligopoly model.
SCIMA record nr: 222872
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