International Prices, Costs, and Markup Differences

被引：98

作者：

Gopinath, Gita ^{[1
]}

Gourinchas, Pierre-Olivier ^{[2
]}

Hsieh, Chang-Tai ^{[3
]}

Li, Nicholas ^{[2
]}

机构：

[1] Harvard Univ, Dept Econ, Cambridge, MA 02138 USA

[2] Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA

[3] Univ Chicago, Booth Sch Business, Chicago, IL 60637 USA

来源：

AMERICAN ECONOMIC REVIEW | 2011年 / 101卷 / 06期

关键词：

EUROPEAN CAR MARKET; REAL EXCHANGE-RATE; PASS-THROUGH; LAW; BORDER; RATES;

D O I：

10.1257/aer.101.6.2450

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Relative cross-border retail prices, in a common currency, comove closely with the nominal exchange rate. Using product-level prices and wholesale costs from a grocery chain operating in the United States and Canada, we decompose this variation into relative costs and markup components. The high correlation of nominal and real exchange rates is driven mainly by changes in relative costs. National borders segment markets. Retail prices respond to changes in costs in neighboring stores within the same country but not across the border. Prices have a median discontinuous change of 24 percent at the border and 0 percent at state boundaries. (JEL F31, L11, L81)

引用

页码：2450 / 2486

页数：37

共 35 条

[1]

[Anonymous], 2000, CENS 2000

[2] The law of one price in Scandinavian duty-free stores [J].