We examine the effects of a change in the exchange rate on sales and prices in the framework of a two - country, two - commodity duopoly model with joint production. We distinguish two kinds of reaction. When the firm located in the country whose currency depreciates (appreciates) increases...

A wide-ranging contribution to the literature on industrial economics by leading scholars from Europe and North America, combining theory and applied case studies, on the sometimes surprising effects of competition or anti-trust policy on industry structure