Market share and exchange rate pass-through in world automobile trade

• 成果类型: Article
• 署名作者: Feenstra, RC; Gagnon, JE; Knetter, MM
• 署名单位: Dartmouth College; University of California System; University of California Davis; Federal Reserve System - USA; National Bureau of Economic Research
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/0022-1996(95)01402-0
• 发表日期: 1996
• 页码: 187-207
• 关键词: imperfect competition; international trade; pricing to market

摘要

Using a Bertrand differentiated products model we show that pass-through should be high for exporters based in a country with a very large share of total destination market sales. For source countries with small and intermediate market shares, the relationship is potentially nonlinear and sensitive to assumptions about demand and firm interactions. The model is estimated using a panel data set of automobile exports from four source countries to 12 destination markets over the period 1970-88. The relationship between pass-through and market share is significantly nonlinear: pass-through is lowest when the source country's market share is around 40 percent and highest when market share approaches 100 percent.