|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/24884
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Bénassy-Quéré, Agnès | | en_US |
| dc.contributor.author | | Fontagné, Lionel | | en_US |
| dc.contributor.author | | Raff, Horst | | en_US |
| dc.date.accessioned | | 2009-03-11 | | en_US |
| dc.date.accessioned | | 2009-04-09T07:48:36Z | | - |
| dc.date.available | | 2009-04-09T07:48:36Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24884 | | - |
| dc.description.abstract | | We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to investigate how companies adjust their prices to deal with the effects of a temporary misalignment, and how this affects profit margins and volumes. We also explore the effects on the long-run dynamics of competition. We conclude that due to the duopolistic nature of the aircraft market, Airbus will pass only a small part of the exchange-rate fluctuations on to customers through higher prices. Moreover, due to features specific to the aircraft industry, such as customer switching costs and learning-by-doing, even a temporary departure of the exchange rate from its long-run equilibrium level may have permanent effects on the industry. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kiel working paper 1488 | | en_US |
| dc.subject.jel | | F31 | | en_US |
| dc.subject.jel | | L13 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Exchange rates | | en_US |
| dc.subject.keyword | | pass-through | | en_US |
| dc.subject.keyword | | oligopoly | | en_US |
| dc.subject.stw | | Luftfahrtindustrie | | en_US |
| dc.subject.stw | | Duopol | | en_US |
| dc.subject.stw | | Exchange Rate Pass-Through | | en_US |
| dc.subject.stw | | Internationaler Wettbewerb | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Exchange-rate misalignments in duopoly : the case of Airbus and Boeing | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 593508416 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|