Price Dynamics of Exporting and Import-Competing Firms
构建了一个国际贸易商品市场模型,考虑买家信息不完全和转换供应商成本,分析出口与进口竞争企业价格与数量决策的相互作用,结果与实证发现一致。
This paper presents a model of a market for an internationally traded good. Buyers, who are customers of one firms, are imperfectly informed about other firms' prices and it is costly for them to change from one supplier to another. This leads to dynamic market share equations, which allow analysis of the interaction between price/quantity decisions of exporting and import competing firms. The model generates results which are consistent with empirical findings.