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| Author: | Bergin, P. R. |
| Title: | A model of relative national price levels under pricing to market |
| Journal: | European Economic Review
2003 : JUN, VOL. 47:3, p. 569-586 |
| Index terms: | Price theory Monetary integration Price level |
| Language: | eng |
| Abstract: | The paper proposes an alternative to the Balassa-Samuelson theory of how relative price levels between countries are determined. The theory is a general equilibrium formulation of a model where pricing to market arises endogenously from firm decisions. It differs from Balassa-Samuelson in that it centers on the distinction between segmented national goods market rather than the distinction between traded and nontraded goods. |
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