Ito, Takatoshi; Ogawa, Eiji; Sasaki, Yuri Nagataki - National Bureau of Economic Research (NBER) - 1999
In this paper we have constructed a theoretical model in which Asian firms maximize their profit, competing with Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-…-vis the Japanese yen and...