Markets Shares, Financial Constraints, and Pricing Behavior in the Export Market

Nils Gottfries ()

No 1999:15, Working Paper Series from Uppsala University, Department of Economics

Abstract: A parsimonious structural model of price and quantity dynamics is applied to Swedish exports and export prices for manufactured goods 1972-1996. Two sources of dynamics are considered: customer markets and pre-set prices. The dynamic adjustment of exports is very much in line with what the customer market model predicts: the market share adjusts slowly after a change in the relative price. Prices are sticky in the sense that they do not reflect the most recent information about costs and exchange rates. Prices are high when firms are borrowing heavily, supporting the argument in Gottfries (1991) that financial constraints affect pricing behavior.

Keywords: exports; market share; customer; export price; price setting; markup; sticky price; financial constraints (search for similar items in EconPapers)
JEL-codes: D43 E31 F12 F41 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1999-09-10
New Economics Papers: this item is included in nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Economica, 2002, pages 583-607.

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Working Paper: Market Shares, Financial Constraints, and Pricing Behavior in the Export Market (1999)
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