Pricing-to-market in a Ricardian model of international trade:
We study the implications for international relative prices of a simple Ricardian model of international trade with imperfect competition and variable markups, providing a tractable account of firm-level and aggregate prices. We show that both trade costs and imperfect competition with variable mark...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Series: | Working paper series / National Bureau of Economic Research
12861 |
| Links: | http://papers.nber.org/papers/w12861.pdf |
| Summary: | We study the implications for international relative prices of a simple Ricardian model of international trade with imperfect competition and variable markups, providing a tractable account of firm-level and aggregate prices. We show that both trade costs and imperfect competition with variable markups are needed to account for pricing-to-market at the firm and aggregate levels. We also show that international trade costs are essential, but pricing-to-market is not, to account for a high volatility of tradeable consumer prices relative to the overall CPI-based real-exchange rate. |
| Physical Description: | 14 S. graph. Darst. 22 cm |
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| id | DE-604.BV023592778 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T13:23:19Z |
| institution | BVB |
| language | English |
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| oclc_num | 255483444 |
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| physical | 14 S. graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Atkeson, Andrew 1961- Verfasser (DE-588)128378166 aut Pricing-to-market in a Ricardian model of international trade Andrew Atkeson ; Ariel Burstein Cambridge, Mass. National Bureau of Economic Research 2007 14 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 12861 We study the implications for international relative prices of a simple Ricardian model of international trade with imperfect competition and variable markups, providing a tractable account of firm-level and aggregate prices. We show that both trade costs and imperfect competition with variable markups are needed to account for pricing-to-market at the firm and aggregate levels. We also show that international trade costs are essential, but pricing-to-market is not, to account for a high volatility of tradeable consumer prices relative to the overall CPI-based real-exchange rate. Burstein, Ariel T. 1974- Verfasser (DE-588)124082513 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 12861 (DE-604)BV002801238 12861 http://papers.nber.org/papers/w12861.pdf kostenfrei Volltext |
| spellingShingle | Atkeson, Andrew 1961- Burstein, Ariel T. 1974- Pricing-to-market in a Ricardian model of international trade |
| title | Pricing-to-market in a Ricardian model of international trade |
| title_auth | Pricing-to-market in a Ricardian model of international trade |
| title_exact_search | Pricing-to-market in a Ricardian model of international trade |
| title_full | Pricing-to-market in a Ricardian model of international trade Andrew Atkeson ; Ariel Burstein |
| title_fullStr | Pricing-to-market in a Ricardian model of international trade Andrew Atkeson ; Ariel Burstein |
| title_full_unstemmed | Pricing-to-market in a Ricardian model of international trade Andrew Atkeson ; Ariel Burstein |
| title_short | Pricing-to-market in a Ricardian model of international trade |
| title_sort | pricing to market in a ricardian model of international trade |
| url | http://papers.nber.org/papers/w12861.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT atkesonandrew pricingtomarketinaricardianmodelofinternationaltrade AT bursteinarielt pricingtomarketinaricardianmodelofinternationaltrade |