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Measuring the Intensity of Competition in Export Markets

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  • Pinelopi K. Goldberg
  • Michael M. Knetter

Abstract

This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity to exchange rate shocks, which shift the relative costs of producers from a particular source country, to calculate our measure of outside competition. The measures are estimated using panel data on exports of U.S. linerboard and German beer to a variety of destination markets. The destination-specific panel data allow comparisons of outside competition across destination markets.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 5226.

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Date of creation: Aug 1995
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Publication status: published as Journal of International Economics (February 1999): 27-60.
Handle: RePEc:nbr:nberwo:5226

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  1. Feenstra, Robert C. & Gagnon, Joseph E. & Knetter, Michael M., 1996. "Market share and exchange rate pass-through in world automobile trade," Journal of International Economics, Elsevier, vol. 40(1-2), pages 187-207, February.
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  9. Goldberg, Pinelopi Koujianou, 1995. "Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry," Econometrica, Econometric Society, vol. 63(4), pages 891-951, July.
  10. Knetter, Michael M, 1989. "Price Discrimination by U.S. and German Exporters," American Economic Review, American Economic Association, vol. 79(1), pages 198-210, March.
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  15. Joseph E. Gagnon & Michael M. Knetter, 1992. "Markup Adjustment and Exchange Rate Fluctuations: Evidence From Panel Data on Automobile Exports," NBER Working Papers 4123, National Bureau of Economic Research, Inc.
  16. Feinberg, Robert M, 1986. "The Interaction of Foreign Exchange and Market Power Effects on German Domestic Prices," Journal of Industrial Economics, Wiley Blackwell, vol. 35(1), pages 61-70, September.
  17. Subramanian Rangan & Robert Z. Lawrence, 1993. "The Responses of U.S. Firms to Exchange Rate Fluctuations: Piercing the Corporate Veil," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(2), pages 341-379.
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  19. repec:fth:michin:337 is not listed on IDEAS
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  22. Yang, Jiawen, 1995. "Exchange rate pass-through in the U.S. market: A cross-country and cross-product investigation," International Review of Economics & Finance, Elsevier, vol. 4(4), pages 353-371.
  23. Baker, Jonathan B. & Bresnahan, Timothy F., 1988. "Estimating the residual demand curve facing a single firm," International Journal of Industrial Organization, Elsevier, vol. 6(3), pages 283-300.
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