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Persistent link: https://www.econbiz.de/10003376995
In this paper we assess the implications of sunk costs and product differentiation on the pricing decisions of the multinational firms. For this purpose we use a modified version of Salop's spatial competition. The model yields clear-cut predictions regarding the effects of exchange rate shocks...
Persistent link: https://www.econbiz.de/10009767121
Persistent link: https://www.econbiz.de/10001736230