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 …-run dynamics of competition. We conclude that due to the duopolistic nature of the aircraft market, Airbus will pass only a small … aircraft industry, such as customer switching costs and learning-by-doing, even a temporary departure of the exchange rate from …