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dc.contributor.authorBénassy-Quéré, Agnèsen
dc.contributor.authorFontagné, Lionelen
dc.contributor.authorRaff, Horsten
dc.date.accessioned2009-03-11-
dc.date.accessioned2009-04-09T07:48:36Z-
dc.date.available2009-04-09T07:48:36Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/24884-
dc.description.abstractWe 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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1488en
dc.subject.jelF31en
dc.subject.jelL13en
dc.subject.ddc330en
dc.subject.keywordExchange ratesen
dc.subject.keywordpass-throughen
dc.subject.keywordoligopolyen
dc.subject.stwLuftfahrtindustrieen
dc.subject.stwDuopolen
dc.subject.stwExchange Rate Pass-Throughen
dc.subject.stwInternationaler Wettbewerben
dc.subject.stwTheorieen
dc.subject.stwEU-Staatenen
dc.subject.stwUSAen
dc.titleExchange-rate misalignments in duopoly: the case of Airbus and Boeing-
dc.typeWorking Paperen
dc.identifier.ppn593508416en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1488en

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