Bénassy-Quéré, Agnès; Fontagné, Lionel; Raff, Horst - 2009
We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This … market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in …-run dynamics of competition. We conclude that due to the duopolistic nature of the aircraft market, Airbus will pass only a small …