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This paper studies the endogenous determination of pricing to market, in a model with time dependent transportation costs, where the future terms of trade are random. Allowing time dependent transportation costs adds a dimension of investment to the pre-buying of imports, implying that financial...
Persistent link: https://www.econbiz.de/10012470823
suggest that part of the diversifi- cation puzzle may be due to reliance on the conventional CAPM model as the benchmark …
Persistent link: https://www.econbiz.de/10012472856
suggest that part of the diversifi- cation puzzle may be due to reliance on the conventional CAPM model as the benchmark …
Persistent link: https://www.econbiz.de/10012774958
This paper studies the endogenous determination of pricing to market, in a model with time dependent transportation costs, where the future terms of trade are random. Allowing time dependent transportation costs adds a dimension of investment to the pre-buying of imports, implying that financial...
Persistent link: https://www.econbiz.de/10013246985
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