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Implicit Collusion Models of Export Pricing: An Econometric Application to the Japanese Case

Author

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  • Eiichi Tomiura

    (Kobe University)

Abstract

This paper examines export competition by interpreting observed export price variations over time as a result of dynamic changes in the sustainability of implicit collusion among ecporters. One model focuses on unpredictable negative shocks on demand as in Green and Porter (1984), while exchange rate fluctuation is emphasized in the altemative model as in Rotemberg and Saloner (1986). The regime classification dummy, which follows a Markov transition process, is estimated endogenously. Switches in export pricing are detected in some of the Japanese industries, especially in textiles.

Suggested Citation

  • Eiichi Tomiura, 2005. "Implicit Collusion Models of Export Pricing: An Econometric Application to the Japanese Case," Kobe Economic & Business Review, Research Institute for Economics & Business Administration, Kobe University, vol. 49, pages 51-68, February.
    • Handle: RePEc:kob:review:feb2005::v:49:p:51-68
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    More about this item

    Keywords

    Implicit collusion; Export price; Switching regression;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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