Journalartikel

Autorenliste: Göcke, Matthias; Fedoseeva, Svetlana

Jahr der Veröffentlichung: 2016

Seiten: 447-469

Zeitschrift: Open Economies Review

Bandnummer: 27

Heftnummer: 3

ISSN: 0923-7992

eISSN: 1573-708X

DOI Link: https://doi.org/10.1007/s11079-015-9380-x

Verlag: Springer

Abstract: 
This paper addresses incomplete exchange rate pass-through (ERPT) and pricing-to-market (PTM) by proposing an optimal control model of dynamic monopolistic pricing on a foreign market, which accounts for dynamic demand effects (such as diffusion or saturation) and learning curve effects. It is shown how the optimal dynamic export pricing results in partial or full ERPT in the long-term equilibrium. Moreover, transitional price dynamics are illustrated, which may explain dumping, i.e., temporary prices below unit costs, and (asymmetric) short-run overshooting dynamics of the optimal export price level as a reaction to exchange rate changes.

Harvard-Zitierstil: Göcke, M. and Fedoseeva, S. (2016) Optimal Monopolist Export Pricing with Dynamic Demand and Learning Curve Effects, Open Economies Review, 27(3), pp. 447-469. https://doi.org/10.1007/s11079-015-9380-x

APA-Zitierstil: Göcke, M., & Fedoseeva, S. (2016). Optimal Monopolist Export Pricing with Dynamic Demand and Learning Curve Effects. Open Economies Review. 27(3), 447-469. https://doi.org/10.1007/s11079-015-9380-x