Internationale Preisvergleiche: Methodik und Anwendung auf nicht-handelbare Güter
AbstractThis paper deals with the methodology and interpretation of international price comparisons, focusing specifically on non-traded goods and services. The key difference to traded goods lies in the underlying objective of the comparison. International differences in the prices of traded goods are indicative of potential welfare gains that could be achieved through greater integration. In contrast, comparisons with non-traded goods mainly serve as a form of benchmark that can be used to assess the efficiency and competitiveness of the domestic non-traded goods sector. However, the prices of non-traded goods are determined by a multitude of factors, including the performance of the domestic traded goods sector. Thus, to provide any sensible guidance for competition policy, international benchmarking must also take account of all differences in underlying cost and market structures. Looking at prices alone may give very misleading results, as the paper demonstrates on the basis of two examples from the Swiss tourism and telecommunications sectors.
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Bibliographic InfoPaper provided by Department of Economics, University of St. Gallen in its series University of St. Gallen Department of Economics working paper series 2004 with number 2004-07.
Length: 31 pages
Date of creation: Mar 2004
Date of revision:
international price comparisons; non-traded goods; exchange rates; PPP; competition policy;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L8 - Industrial Organization - - Industry Studies: Services
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