Stickiness, synchronization, and passthrough in intrafirm trade prices

Brent Neiman

Journal of Monetary Economics, 2010, vol. 57, issue 3, 295-308

Abstract: About 40 percent of all U.S. international trades occurs between related parties, or intrafirm, such as trades between a parent and subsidiary of the same multinational corporation. This paper uses a transaction-level dataset that distinguishes arm's length from intrafirm trades to demonstrate that for differentiated products, intrafirm prices are characterized by (1) less stickiness, (2) less synchronization, and (3) greater exchange rate passthrough.

Keywords: Exchange; rate; passthrough; Intrafirm; trade; Price; stickiness; Transfer; prices (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (83)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:57:y:2010:i:3:p:295-308

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