Pricing to market at firm level | Zendy

Lourdes Moreno Martín | Zendy; Diego Rodríguez | Zendy

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Pricing to market at firm level

Author(s) -

Lourdes Moreno Martín,

Diego Rodríguez

Publication year - 2004

Publication title -

review of world economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.428

H-Index - 52

eISSN - 1610-2886

pISSN - 1610-2878

DOI - 10.1007/bf02663650

Subject(s) - economics , market power , currency , competition (biology) , exchange rate , monetary economics , benchmark (surveying) , price setting , microeconomics , ecology , geodesy , biology , monopoly , geography

This paper analyzes the influence of exchange rate variations on prices in foreign and home markets using firm data. The theoretical benchmark, based on the literature of pricing to market, also takes into account some hypotheses about the effects of demand variations and market power on prices. The empirical analysis for the Spanish economy points out the positive impact of the devaluations o f the domestic currency on the relative evolution o f prices, though smaller than obtained in previous evidence using aggregated data. The results also suggest a procyclical behavior

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