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Ahmadi-Esfahani, Fredoun Z.; Anderson, Glenn Michael. |
The elasticity of price transmission measures the extent to which a change in world prices will be transmitted to an importing country, with an elasticity of less than one being attributed to trade barriers. Recent research highlights the role that multinational trading companies may play in impeding price transmission. Further, in markets characterised by monopolistic competition an estimate of the partial elasticity of demand may be of limited practical value if no account is taken of the reaction of competitors. In this paper the potential for market structure to affect price transmission and trade elasticities is demonstrated. The elasticity of price transmission has been central to a revised approach to estimation of trade elasticities and has been... |
Tipo: Presentation |
Palavras-chave: Elasticity; Price transmission; Trade barriers; Monopolistic competition; International Relations/Trade. |
Ano: 1999 |
URL: http://purl.umn.edu/122328 |
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